Lloyd’s broker Tysers has launched two new schemes for the music and live events sector to reflect the challenges of the post-pandemic landscape.
Firstly, Tysers Freelancers is an online insurance solution available 24/7 that provides cover for freelancers who work in music events across UK & Europe.
And secondly, Tysers Elite will provide coverage for the assets and liabilities of those who work in the festival industry, including touring bands.
Tysers’ non-appearance and event cancellation policy wording for live events has already provided cover for numerous clients, with an estimated $500 million paid across claims.
The broker has also spearheaded a campaign for a Government-backed insurance scheme, to get live festivals and gigs running again, which resulted in a Live Events Reinsurance Scheme.
“Navigating the last 18 months has been challenging for our clients and the industry, but we are stronger for the experience, and I am incredibly proud of how our teams have worked together across the business to deliver for our clients,” said Bob Pybus, Head of Retail Broking and a member of the Executive Committee at Tysers.
Paul Chapman, Managing Director at Tysers, also commented: “We’re now seeing the rewards of the dedication and commitment of our talented teams with revenue returning to 2019 levelsin Live Events and Property & Casualty.”
“This demonstrates the strength of Tysers’ brand across key lines of business, and our new products reflect our ability to provide forward-thinking, nimble wholesale and direct-to-client solutions. Our employees are our greatest asset and it’s fantastic that we continue to attract and retain such brilliant talent.”