Music Festival Cancellation

I wonder if the Dept. of Tourism was smart enough to buy event cancellation insurance for the Music Festival?

If they didn't, I'd suggest they look into it for future years. Surely alot of money was lost on this year's event, admittedly due to forces beyond the DOT's control. But this is an insurable risk. Major events like the World Cup, Olympics etc. all take out insurance protection for acts of terrorism, natural disasters etc..

In the same way that a surety bond is required on all major capital projects, event cancellation insurance should be mandatory for major Government sponsored events.

Maybe the BIU would be up for providing it?

| More

Archives