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Events Industry: Insurance

Question for Department for Digital, Culture, Media and Sport

UIN HL11943, tabled on 8 January 2021

To ask Her Majesty's Government what plans they have to partner with the sport and entertainment sectors to underwrite contingency insurance for live events.

Answered on

12 January 2021

The Government is aware of the concerns which have been raised about the potential challenge of securing insurance for live events, including those in the sporting and entertainment sectors. We have been working closely with the affected sectors over the last few months to understand the challenges and to keep the situation under review.

Understandably, the bar for considering Government intervention is set extremely high, especially in light of the furlough scheme and local business support, so the evidence of market failure specific to DCMS sectors must be clearly demonstrated and robust.