UK government set for leading role in insuring live entertainment

(Reuters) — The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theater and sports, to allow them to go ahead despite the pandemic, insurance industry sources said.

Insurers have since last year stripped COVID-19 from event cancellation insurance policies, meaning event organizers have no cover if a coronavirus outbreak forces them to tear up their schedules.

A report from a parliamentary committee last month called for a government-backed insurance scheme for live events, similar to a successful 500 million pounds ($696.05 million) scheme introduced for the film and TV industry last year.

The government is due to respond to the committee’s report by the end of the month.

It was “considering options” on insurance and indemnity, Nigel Huddleston, a junior minister at Britain’s culture ministry, told parliament last week.

“We are hopeful there will be an announcement,” said Tim Thornhill,

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