Events Industry: Insurance

(asked on 2nd February 2021) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment he has made of the potential merits of a Government-backed insurance scheme for the live events industry.


Answered by
Caroline Dinenage Portrait
Caroline Dinenage
This question was answered on 8th February 2021

We are aware of the concerns which have been raised about securing insurance for live events.

Understandably, the bar for considering Government intervention is set extremely high. Given the high costs involved in setting up a scheme we need to make sure it is the most effective use of funds at a time when we are looking at how best to support the sector.

The evidence of market failure must clearly demonstrate that such a scheme is the only barrier to staging events. At the moment, progress with the vaccine rollout and beating the virus is crucial in determining a timetable for staging events.

We are working closely with the sector to determine the appropriate and most effective response within the public health context.

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