In the #WeMakeEvents Zoom call on Friday 11 February, we were joined by Ariel Sommer, Head of Covid-19 Programmes for DCMS, who addressed several concerns regarding the Live Events Reinsurance Scheme.
He outlined the following key points and provided a comprehensive FAQs document:
- The scheme runs until 30 September 2022 for events initially scheduled to take place by then.
- It is available to all eligible events across the UK (not just England).
- Eligible policies (ie ones that have non-Covid cover as well) must be bound no less than eight weeks before the scheduled start date of the event, but all eligible costs linked to the event can be backdated.
- Policyholders need not be just event organisers. They can be individuals such as artists or supply chain organisations, as long as they are looking to cover their costs directly linked to an eligible event.