SXSW's cancellation this year will not be covered by insurance sxsw
announced the March 13-22 interactive, film and music festival that takes place throughout Austin was being canceled by city and county officials over concerns about the spread of the coronavirus. After the announcement, Barbaro told the paper that the SXSW organization does not have event cancellation insurance that covers disease outbreaks or city-wide emergency declarations.
SXSW is not alone -- most event insurance policies exempt contagious disease as a coverage category and organizers are required to purchase a waiver in order to obtain coverage for cancellations by illnesses like coronavirus. “We have a lot of insurance . However, bacterial infections, communicable diseases, viruses and pandemics are not covered,” Swenson told the paper.
After news that Adler and other city leaders were canceling the event, South by Southwest organizers released a statement saying they were"devastated" by the news which meant that the cancellation would be the "first time in 34 years that the March event will not take place.
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