Festival Insurance Schemes & Bluesfest, Grapevine Report Losses | Music News

A number of Australian live music organisations have called on the Federal Government to implement a government-backed insurance scheme that will help out with compensation for events that have been forced to cancel because of COVID-19. On Friday, 6th August, Live Music Australia, ARIA, APRA AMCOS, PPCA, the Australian Festival Association, and Live Entertainment Industry Forum all released a joint statement to the Federal Government In the statement, the groups are calling for a “UK-style insurance scheme”, to provide “certainty for the Australian live music and entertainment sector.” “The Australian live music and entertainment sector has long argued that a government-backed insurance scheme is the missing piece of the puzzle necessary to allow the sector to rebuild, maintain employment and rapidly restore the critical economic and cultural contribution to the nation.” “The industry calls on all levels of government to come together and establish a partnership approach with industry, delivering a government-backed insurance scheme.” “It will ensure that Australia continues to foster global best practice in incentives and schemes for our world leading live music and entertainment industry.” For context, the scheme in the UK – dubbed the Live Events Reinsurance Scheme – has been created in partnership with the UK government, and Lloyd’s of London insurers. Through this partnership, the government have been able to “guarantee policies issued by commercial insurers to live events that are open to the general public.” This includes festivals, and business events. Thanks for listening! Be sure to subscribe for more content. Like Homebrewed on Facebook Follow Homebrewed on Instagram Check out Homebrewed Selects on Spotify Catch up on everything Homebrewed Homebrewed is a radio program and podcast dedicated to supporting the Australian Music Industry. Cameron Smith and Eamonn Snow have been presenting Homebrewed since November 2017 and have received excellence awards and the admiration of local bands for their presentation of Homebrewed and their continued support of the Australian music scene. This podcast is designed so you can enjoy conversations with musicians, industry representatives and music media personalities.