The Meetings Industry Association (mia) has welcomed the introduction of an insurance scheme for the live events sector, recognising the scheme as a long-awaited intervention that will ultimately drive a return of confidence.
The £750m government-backed scheme, which will run from September 2021 until the end of September 2022, will enable event organisers to purchase un-capped cover for events unable to happen due to COVID restrictions enforced by government.
“Providing reassurance to risk-averse event organisers will be critical in the return of more recognisable booking numbers and the stimulation of the sector’s circular economy, benefitting venues, hotels, destinations, caterers and a diverse range of suppliers within the supply chain.”
“The recognition of the business meetings and events sector in this scheme is a total acknowledgement of the role it has in supporting the UK’s economic recovery, and we’re confident that the sector can now serve as a catalyst.”
Find out more at mia’s website