SXSW Cancellation Not Covered by Insurance
Two founders of South by Southwest have confirmed to the Chronicle that the organization does not have insurance covering today’s cancellation.
The conference and festival, scheduled to run March 13-22 throughout Austin, was cancelled by city and county officials late Friday afternoon over concerns of the event contributing to the spread of COVID-19.
Asked if the financial loss of cancellation will be covered by an insurance plan, SXSW co-founder Nick Barbaro – who is also the publisher of the Chronicle – said the organization does not have cancellation insurance relating to a disease outbreak or triggered by the city declaring a “local state of disaster.”
SXSW co-founder and Managing Director Roland Swenson, reached by text, further explained: “We have a lot of insurance (terrorism, injury, property destruction, weather). However, bacterial infections, communicable diseases, viruses and pandemics are not covered.”
Read more: https://www.austinchronicle.com/daily/news/2020-03-06/sxsw-cancellation-not-covered-by-insurance/
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