Beazley designs transmission cover for live virtual events
23rd June 2020 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has launched a contingency policy designed to cover event organisers if a transmission failure disrupts or cancels a virtual event.
Streaming live events is not new in itself, however with social distancing rules in place to reduce the spread of COVID-19, many major events have been either cancelled, postponed or moved online.
Beazley’s virtual events transmission policy supports organisers whose success relies on technology platforms providing seamless transmission or broadcast to their audiences. If an event is cancelled due to transmission failure, the policy covers first-party losses including organisational costs, expenses, or gross revenue from advertising and ticket sales.
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