Space insurance provides specialized protection for companies operating in the space industry, covering losses at every stage from manufacturing and launch to in-orbit/in-flight operation of spacecraft.
About the Service
Purpose of Cover
- Protection of investments in the development, launch and operation of spacecraft
- Coverage of third-party liability arising from space activities
Insured Events
- Loss of or damage to a spacecraft during manufacturing, pre-launch preparation, launch, orbital insertion or in-orbit/in-flight operation
- Claims for compensation arising from injury or damage caused to third parties in the course of space activities
Scope of Indemnity
Includes, but is not limited to:- Spacecraft repair or replacement costs and launch expenses
- Satellite repair or replacement costs
- Compensation awarded to third parties where liability is established
