The UK has bowed to the makers’ claim and announced a 50 750m (.5 5.5bn) insurance package for music festivals and other live events threatened to be canceled due to the corona virus infection. This policy will run for one year from September to September 2022. “With this new insurance scheme, everything from music festivals in the market to business events in Birmingham can continue with confidence, boosting the economy and protecting livelihoods,” President Rishi announced on Friday, June 6.
As the epidemic spread, insurers withdrew cancellations promoted by Covit-19 from policy-covered adverse events, leaving the organizers to their own devices. In an article published by the newspaper Defender At the end of July, organizers warned that many Planned festivals Workers were at risk of being terminated at the last minute due to staff shortages, as workers had to be forcibly isolated after receiving notifications from the British health system monitoring Govt cases in the country. As the danger approached, the organizers and producers began to seek government assistance.
“The event industry supports hundreds of thousands of jobs across the country, and I know organizers are now eager to move forward as restrictions have been lifted,” Sunak said. “But the lack of proper insurance is a problem, so as the economy reopens I would like to do everything I can to help event providers and small businesses plan with confidence next year,” he declared. President Rishi Sunak added: “The live events industry will be enhanced by a government insurance package that will help us plan events next year with confidence.”
In an interview with DefenderJamie Njoku-Goodwin, CEO of the UK Music System, praised the initiative. According to him, the inability to obtain insurance was a great impetus for the cancellation of events in the country, and without action there was a fear that the cancellation would continue, with the risk of declining with guaranteed financial assistance. “This new government program is incredibly welcome news – tens of thousands of musicians, staff and workers depend on supply chain jobs, not just for the millions of music fans who look back on live events. Continuous live action,” he concluded.
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