Beazley Launches Coverage For Virtual Events

“For a long time, many events, from business conferences through to music festivals, have had an online element, which has been covered by endorsement to an event insurance policy,” said Mark Symons, contingency underwriter at Beazley. “However, as a result of the coronavirus we are seeing far more events either being reorganized or created from scratch for purely virtual audiences. Even with lockdown easing, we expect this to continue both in business and leisure as people continue to avoid unnecessary crowds.

“These events are completely reliant on the technology working, and a failure can be financially crippling – which means having robust insurance in place is a must. Beazley’s virtual events transmission policy is designed to provide simple and clear cover tailored for the risks involved with hosting virtual events.”