HOW we PROTECT your SPACE RISKS
As the space ecosystem expands and becomes increasingly common, space risk management has progressed from providing simple launch insurance to a complex discipline encompassing:
Risk Reviews & Reporting
Claim Negotiation & Advocacy
Insurance Program Design & Implementation
WE PROVIDE SPECIALIZED SPACE COVERAGE FOR:
Satellite Owners, Operators, Manufacturers, & Users
Telecommunications, Earth Observation, & Other Space Organizations
Governments & Institutions
Energy Solutions (Fusion)
PROTECTING YOUR MOST CHALLENGING EXPOSURES
Launch coverage for spacecraft and launch vehicles from ignition through spacecraft separation in orbit
Post-separation coverage for spacecraft through initial operations, deployments, orbit raising, and testing
In-orbit coverage for ongoing operations of satellites
Seamless pre-launch with integration and testing capabilities
Specialized coverage for small satellites
Coverage for launch risk guarantees and payloads
Launch and in-orbit liability coverage
What is COVERED:
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.
Pre-Launch Insurance is a vital component of the space industry, offering coverage for the various risks and uncertainties that arise before a satellite or spacecraft is launched into orbit. This type of insurance provides financial protection against potential losses due to launch failures, technical malfunctions, or accidents during the pre-launch phase, which includes assembly, integration, testing, and transportation. Pre-launch insurance helps mitigate the significant financial investment made by satellite operators and manufacturers, ensuring that they can recover costs in case of unforeseen events that could disrupt or delay the launch. By offering a safety net during the critical pre-launch period, this insurance plays a crucial role in supporting the successful deployment of space assets and fostering innovation in space exploration and technology.
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.
Annual or Per Campaign Testing Coverage for rocket launchers in R&D and beyond, these assessments scrutinize various aspects, including propulsion systems, structural integrity, avionics, software, and operational procedures, to ensure compliance with strict safety standards. The rigorous and systematic nature of these tests helps identify potential vulnerabilities, mitigate risks, and enhance overall launch safety.