September 2021

Details Released on the Live
Events Reinsurance Scheme
THE GOVERNMENT has published details on the Live Events Reinsurance Scheme
announced in July. The £750 million fund protects against costs incurred should an event be
cancelled due to government Covid restrictions.
The scheme will cover live public events in the UK. In order to qualify, organisers must
also have event cancellation coverage provided by a participating insurer. The premium is
set at 5% of the total value of insured costs plus insurance premium tax and claims will be
subject to an excess of 5% of the value of the insured costs or £1,000, whichever is higher.
Event organisers can purchase cover up to the full cost of their event, irrespective of when
those costs are incurred.
Cover must be purchased at least eight weeks prior to the event taking place, although
this will not apply for the first 12 weeks of the scheme.
The scheme will not cover loss due to lower demand for tickets or venue capacity, and
doesn’t cover self-isolation of staff or performers. It will cover a limited run of linked events,
provided that the organiser specifies which event dates require cover and how much cover
they are purchasing for each.
Running to 30 September 2022, with a review point in Spring 2022, cover will be available
to purchase through participating insurers.
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Four Fold
Increase in
Glamping
Bookings
GLAMPING AGENCY Canopy and
Stars has reported that forward
bookings for 2022 were up four-fold
on the same period in 2019, with
many of its most popular spaces
already booked up during peak
2022 dates.
Booking website Pitchup.com
has also reported that while the
vast majority of its bookings over
the last week were arrivals for the
rest of 2021, it had already taken
thousands of bookings for UK
destinations for 2022.
Founder Dan Yates says that
although he expects the lastminute
trend to continue to
dominate, he feels confident of
many repeat customers booking for
next year. “Huge numbers of Brits
have taken their first-ever camping,
caravan or glamping holiday over
the last year and were delighted by
what they found,” he said.
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Corporate Events Demand Returns
ALMOST TWO thirds of corporate event organisers are planning
a face-to-face event before the end of the year, according to a
report by hotel and venue group, The Celtic Collection.
The collection’s meetings and events sentiment survey of
266 business event organisers was carried out in conjunction
with ICC Wales to mark the return of live events and gauge the
industry demand for a return to face-to-face conferences and
events.
65 per cent of respondents said they are planning to hold a
face-to-face event before the end of 2021. A quarter of those
surveyed plan to hold more than 10 events in the next 12
months, and more than half say they would not be looking for a
hybrid element. There was a preference for organising smaller
meetings of under 200 people, and 37 per cent are planning to
accommodate under 50 people at their next event.
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