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The Government Will Survey the Live Events Reinsurance Scheme

31 Mar 20222m read

The Department for Culture Media and Sport (DCMS) is conducting an online survey of the £750m scheme, launched in September 2022, which they said would provide cover for events cancelled due to Covid-19 restrictions.

Live Events Reinsurance Scheme

The scheme has been criticised for its narrow scope – only providing cover for events cancelled due to government mandated lockdown or local authority byelaw as well as for its bureaucratic nature; organisers are in effect required to take out two insurance schemes etc.

The government is now asking the views of event professionals to assess its success. The online survey can be found here.

The DCMS said in a statement: “In September 2021, the government launched the Live Events Reinsurance Scheme to support live events across the country — such as music festivals, conferences and business events — that are at risk of being halted or delayed due to an inability to obtain Covid-19 cancellation insurance. Cover through the scheme is available to purchase alongside standard commercial events insurance for an additional premium.

“We committed to a review point for the scheme in spring 2022, as part of our ongoing efforts to make sure the Scheme achieves its objectives to support live events following the impacts of Covid-19.

“We are gathering views on the scheme from the live events sector to help inform this review.

“The purpose of this survey is to gather views from organisations and individuals in the live events sector on key issues relating to the Live Events Reinsurance Scheme.”

DCMS and administrators of the scheme have so far been unable to provide details of a single successful pay out.

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