Government to shoulder cost of live events Covid cancellations with £750m insurance scheme

People at a festival

The UK government has struck a deal with Lloyd’s insurers to ensure live events will be able to purchase cover for cancellation due to government Covid restrictions from next month.

The £750m Live Events Reinsurance Scheme will see the government act as a reinsurer, shouldering the majority of costs claimed by organisers pushed into cancelling events due to restrictions.

The

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