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Use of contingent liability by the Home Office to support maritime counter terrorism response capabilities
24 April 2024
At a Glance
Issue Summary
The statement addresses the use of a contingent liability by the Home Office to support maritime counter-terrorism response capabilities.
Action Requested
The Government is implementing HMG indemnity as the most practical solution for full insurance coverage, providing operational partners with assurance in case of market failure. HM Treasury has approved this proposal in principle and further evidence would be provided if the liability were to manifest.
Key Facts
- The Home Office uses contingent liability to support maritime counter-terrorism response capabilities.
- HMG indemnity is concluded as the most practical solution for full insurance coverage.
- HM Treasury has approved the proposal in principle.
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Assessment & feedback
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