3 ms·
I'm speculating their insurance coverage only kicked in if they were forced to close.
by AdamJacobMuller 7y ago
I'm speculating their insurance coverage only kicked in if they were forced to close.
- chrisseaton 7y agoThey're likely not covered at all - pandemics are usually considered to be acts of God.
- bsder 7y ago> I'm speculating their insurance coverage only kicked in if they were forced to close. SXSW was definitely not going to cancel until forced. The more important piece than insurance, I suspect, is that they don't have to give full refunds now. It also probably means they can unilaterally cancel contracts.
- adrianmonk 7y agoAn article from "Variety" (https://variety.com/2020/music/festivals/coronavirus-ultra-sxsw-coachella-cancel-insurance-city-1203525667/ https://variety.com/2020/music/festivals/coronavirus-ultra-s...) covers exactly this and agrees: > But he understands the hesitance to cancel — because even if most major promoters probably spent extra to have communicable disease provisions in their cancellation insurance, it wouldn’t likely kick in if they made a unilateral decision to cancel without the city forcing their hand to do so. In the above, "he" refers to an "entertainment manager" at an insurance company. Doesn't sound like firsthand knowledge, but it's still a very educated guess.