Will state-backed insurance save live music events?
Some industry bosses say the scheme will be too little too late

Music festivals and other live events will be protected by a government-backed insurance scheme if future Covid lockdowns prevent them from going ahead.
Private insurers “will receive a guarantee from the government which will allow them to offer products to cover organisers if state restrictions shut events down” says Sky News. The government will effectively act as a reinsurer, putting up a £750m fund to underwrite future payouts. If events go ahead, the Treasury could make a profit from the premiums paid by insurance companies.
Chancellor Rishi Sunak said he had stepped in because “the lack of the right kind of insurance is proving a problem” even though Covid restrictions have been lifted. More than half of this summer’s music festivals have been cancelled.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Oliver Dowden, the culture secretary, said the scheme would now give organisers “the confidence they need to plan for a brighter future”.
However, Labour said the programme was no more than a “bare minimum” and promoters would still face risks in staging events.
The live events industry, which has repeatedly called for such a plan, has given it a mixed reaction. The Musicians’ Union said a “major problem” is that the protection will apply only during a new lockdown, and would not help events that would become financially unviable if social distancing came back into force.
Greg Parmley, chief executive of industry association Live, told the BBC that “the devil is very much in the detail” because cancellations due to social distancing rules, rather than a full lockdown, were “far more likely”.
Leading figures from the sector also say the help has come “too late”. Chris Smith, the Womad festival director, told The Guardian: “Anything to support the industry going forward is a positive, but it has come too late for so many organisations like ours who have lost the summer and need not have done.”
The digital, culture, media and sport committee has been calling for the safety net since January. Its Conservative chair, Julian Knight, said that though the scheme “will provide the confidence the sector needs to plan and invest in future events”, it is a “shame that it has come too late for some this summer”.
But Tom Watson, chairman of UK Music and the former deputy leader of the Labour Party, said he was “extremely grateful” for the “working solution to a complex problem”.
He told The Times that the government is “protecting jobs but, as importantly, allowing commercial music to get back on track to being a net contributor to the exchequer”.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Today's political cartoons - May 7, 2025
Cartoons Wednesday's cartoons - film industry tariffs, self-deportation, and more
-
Weer at Soho Theatre Walthamstow: a 'silly, seductive, slapstick joy'
The Week Recommends Natalie Palamides' 'tear-inducingly funny' one-woman show opens London's newest venue
-
Can the world stop Israel from starving Gaza?
Today's Big Question Total blockade on food and aid enters its third month, and Israel is accused of 'weaponising starvation'
-
How could Tesla replace Elon Musk?
Today's Big Question The company's CEO is its 'greatest asset and gravest risk'
-
Why are Americans using 'buy now, pay later' apps to buy groceries?
Today's Big Question A 'layaway program, but reversed'
-
Why does the US need China's rare earth metals?
Today's Big Question Beijing has a 'near monopoly' on tech's raw materials
-
Could a private equity deal be the end of Walgreens?
Today's Big Question The pharmacy chain will be taken private in a $10 billion deal
-
How will the Fed manage Trump's economy?
Today's Big Question Jerome Powell is 'in a bind'
-
What's Jeff Bezos' net worth?
In Depth The Amazon tycoon and third richest person in the world made his fortune pioneering online retail
-
Can the US Steel-Nippon Steel merger come back to life?
Today's Big Question President Trump opposed the deal. But he could be flexible.
-
What went wrong at Stellantis?
Today's Big Question Problems with price and product