HL Deb 18 May 1995 vol 564 cc42-3WA
Lord Sefton of Garston

asked Her Majesty's Government:

Whether they are satisfied that third party cover of £150 million is sufficient to compensate travellers and others who may be involved in an accident.

The Parliamentary Under-Secretary of State, Department of Transport (Viscount Goschen)

The licences of train and network operators require them to effect and maintain insurance cover in respect of legal liability for death or injury to any person, or loss of or damage to property, arising from activities relating to the licence. The level of cover is a matter for the independent judgment of the Rail Regulator. It is currently set at a minimum of £155 million for any single incident. That figure is based on an assessment of industry risk and historic experience.