Insurance: Coronavirus

(asked on 29th September 2020) - View Source

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

To ask the Secretary of State for Digital, Culture, Media and Sport, what representations he has received from (a) sporting clubs, (b) theatres, (c) exhibition groups and (d) other event operators on Government support for the contingency insurance market during the covid-19 outbreak.


Answered by
Caroline Dinenage Portrait
Caroline Dinenage
This question was answered on 7th October 2020

The government is in continual dialogue with the insurance sector on its response to this unprecedented situation. We encourage businesses experiencing financial difficulty to research the initiatives in the Government’s support package such as the Coronavirus Business Interruption Loan Scheme. Our schemes are continuously under review to make sure our schemes are accessible, fair and targeted to help those who need it the most.

DCMS also regularly engages with businesses and sector representative bodies in order to properly understand the issues being faced as well as to develop means of offering support. Over recent months DCMS has engaged with a wide range of stakeholders such as Sport England, Society of London Theatre, UK Theatre and the Events Industry Senior Leaders Advisory Panel.

Some of the support the government has offered includes the unprecedented £1.57 billion Culture Recovery Fund - the largest ever one-off investment in culture - to help countless organisations weather the COVID storm; and the £500 million Film and TV Production Restart Scheme, which will assist the film and TV production sectors who are ready to return to work, but are precluded from doing so by the difficulties they face obtaining insurance cover for Covid-19. The scheme will be available to compensate Film and TV productions after they have restarted, and where costs are then incurred due to delays or abandonment as a result of Coronavirus.

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