UK govt consults on outer space insurance

clock

Many probably would not know that the UK insurance gap reaches all the way to outer space.

For many space-faring nations, damage liabilities of satellite launching and space activity are covered by individual company insurance.

The UK is not privy to such arrangements, with the liability burden falling on the government's shoulders instead.

The Department for Business, Innovation and Skills has published a consultation paper on proposed changes to the Outer Space Act of 1986 and issues of insurance liability.

Tony Ballard, partner at law firm Harbottle & Lewis, and UK chairman of the European Centre for Space Law, said: "Most nations offload liability onto the operators themselves and require them to take out insurance to cover the maximum probable loss but cover the maximum possible loss themselves.

"No such deal is available in the UK, where operators are obliged under the Outer Space Act 1986 to indemnify the government without limit."

He added, for the last 25 years UK civil space activities have faced an arcane legal hazard which the government has now proposed to remove.

Author spotlight

Nicola Culley

More on Regulation

IPT set for another record year

IPT set for another record year

Taxation hits £6.78bn in FY25/26

Cameron Roberts
clock 19 December 2025 • 2 min read
Strong year predicted for IHT receipts

Strong year predicted for IHT receipts

£5.8bn for first eight months of 2025/26

Jen Frost
clock 19 December 2025 • 2 min read
FCA responds to Which? super complaint

FCA responds to Which? super complaint

Expansion of insurance work in 2026

Cameron Roberts
clock 18 December 2025 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read