According to this contributor, many insurers that handle large public events simply aren't writing new policies yet. (Tomas Simkus/Shutterstock.com)
Special events came to a grinding stop in 2020. Now, even with vaccines getting injected every day, and a few outdoor concerts and festivals popping up across the country, it is likely going to be months, if not the better part of a year, before the special events industry is back to some semblance of normal.
Special events accounted for more than $1 trillion in annual spending worldwide pre-pandemic, making it no small industry to be shut down. Every event that had to be canceled hit a cascade of other industries — sound, venue, stage, catering, florists, and so on. Even with a murky short-term outlook, it is understandable that scores of people are optimistically looking at what the future might hold.
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