Launch Insurance is a specialized form of insurance that provides coverage for the significant risks associated with space missions and satellite launches. Space ventures involve high costs and inherent dangers, making it crucial for companies and governments to protect their investments. Rocket launch insurance typically covers damage to the payload or spacecraft, launch vehicle failures, third-party liability, and mission delays. Insurers assess risk factors, such as the launch provider’s track record, payload value, and mission complexity, to determine the premium. This type of insurance plays a pivotal role in mitigating financial losses and fostering the growth of the space industry by providing a safety net against unforeseen incidents during space missions. This can also cover for the FAA requirement limit for each launch.

Orbit Liability Insurance is a specialized type of coverage that addresses the potential legal and financial responsibilities associated with satellites and spacecraft operating in space. With the increasing number of satellites and objects in orbit, the risk of collisions and damage to other space assets has grown. In orbit liability insurance provides protection against claims and liabilities that may arise from collisions, debris creation, or interference with other space activities. It helps space operators manage the potential legal costs, settlements, and damages that could result from such incidents. This type of insurance is essential for ensuring responsible and safe space operations, fostering cooperation among space actors, and encouraging the sustainable use of outer space resources.