Music Industry Seeks Gov't Insurance For Summer Festivals

Law360, London (January 6, 2021, 4:03 PM GMT) -- The U.K. government should provide backing to a proposed £650 million ($882 million) insurance fund to provide security to the beleaguered live music and events sector, according to an entertainment industry report.

Trade body UK Music said in a report Tuesday that its proposed government-backed solution would pay out compensation to summer festivals forced to cancel as a result of the COVID-19 pandemic.

The lobby group said it was currently impossible for event organizers to get a policy that would cover COVID-19 related cancellations from the commercial insurance market, which meant many festivals could be cancelled for a second year running....

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