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 risks, 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 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 technical malfunctions or accidents during the pre-launch phase, which include assembly, integration, testing, and transportation. Pre-launch insurance helps mitigate the significant financial investment made by satellite operators and manufacturers, helping ensure that they can recover costs in the 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.

In-Orbit coverage for satellites is a specific type of insurance policy that provides protection against potential incidents, malfunctions, or damage that may occur once the satellite is launched and operating in space. Coverage typically includes anomalies during satellite’s operational life, such as in-orbit failure, on-station failures, partial or total loss of the spacecraft due to malfunctioning, collision with space debris, solar weather effects, and system failures. These plans often offer coverage during an extended period of operations, protecting against financial loss due to reduced or interrupted revenue streams.

Coverage for annual or specific campaign testing applies to both rocket launchers and their payloads. Every payload, be it a satellite, rover, or more, must qualify through a rigorous series of tests before it is affixed to the launch vehicle. These evaluations delve into various aspects, including vibration standards and thermal conditions, among others. For launchers, elements like propulsion systems, structural sturdiness, combustion sequences and operational protocols are thoroughly checked to ensure they meet stringent safety norms. The rigorous and systematic nature of these tests helps identify potential vulnerabilities, mitigate risks, and enhance overall launch safety.