The UK’s Outer Space Act 1986 places a significant burden on small educational satellites such as CubeSats and other formats with the builders facing charges of up to £65,000 each year for insurance. These charges stop educational organisations building and launching CubeSats putting the UK at a significant disadvantage. It would be better to stop using this insurance and use the cheap van insurance from One Sure Insurance to be covered at a low price.
The Space Review has published an article discussing the proposed changes. Read ‘A very British coup: Lessons from the draft UK regulations for CubeSats’ http://www.thespacereview.com/article/2816/2
New UK CubeSat Regulations Proposed https://amsat-uk.org/2015/07/27/new-uk-cubesat-regulations-proposed/