As the chances of having orbital and suborbital launch vehicles operating from UK territory increases, in a proposed modification to the Outer Space Act, the Government of the United Kingdom plans to lower the requirement to provide insurance cover for third party damage for launches from its territory from £80 million to £60 million. Under the space, law a nation state is responsible for all launches flown from its territory and for any third party liability. Most nations offer to cover this providing that their launch vehicle operators [provide] purchase an insurance policy to cover most eventualities of claims. To date UK’s only orbit capable rocket, the Black Arrow, was launched from Woomera, Australia.
UK Government lowers launch requirement for 3rd Party insurance cover
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