Insure your next mission with Lockton’s dedicated space insurance team. Whether you’re a start-up or a major satellite operator, our specialists have decades of experience delivering market-leading insurance solutions for the space industry. Wherever you are, however complex your needs, we have the engineering knowledge, technical expertise and market connections to help your ventures soar.
Protect your next mission with Lockton’s dedicated space insurance team
Whether you’re a start-up or a major satellite operator, our specialists have decades of experience delivering market-leading insurance solutions for the space industry. Wherever you are, however complex your needs, we have the engineering knowledge, technical expertise and market connections to help your ventures soar.
Space is a challenging endeavour...
And insurance is a vital part of the solution - from identifying and mitigating your risks to giving financial institutions the reassurance they need. Our insurance solutions can cover a single satellite, a whole manifest of launches or anything in between. Most crucially, they’re crafted to meet your precise needs.
As the world’s largest independent insurance broker, we have the freedom to put our clients at the heart of our every move. Let’s see what we can do for you.
Your mission, covered
Transit and Pre-Launch
Launch and Initial In-Orbit
Subsequent In-Orbit
Space Third Party Liabilities
Loss of Revenue/Penalties and Incentive
Claims resolution
Property & Casualty
Employers’ Liability/Workers’ Compensation
Directors’ & Officers’ Liability
Cyber
Long-term relationship
Partner with us and we’ll give you expert risk advice through the entire lifecycle of your space venture. Because we’re in it for the long-haul. We’ve seen many satellites built, launched and now in operation. We’ve also seen many failures. Applying these lessons learnt, we deliver robust, technical risk management advice to support the viability of your mission – coupled with the financial security required for success.
Complete insurance service
Experts across the spectrum of space insurance procurement, our approach covers everything from technology consultancy to policy wording and coverage design. When you need support, you get it – from specialists who know your name, understand your business and care. Finding the best insurer for your needs, we negotiate hard on your behalf and hold your hand through claims resolutions. We’re on your side and at your side, every step of the way.
Tailored to you
A broker who goes above and beyond to understand your unique circumstances? That’s us. Because when it comes to coverage, our solutions actually are tailored to your needs. We engage you in a dialogue, collaborating with you to develop solutions that respond to your specific situation. Sums covered can match invested project costs, book value, replacement costs and/or revenue projections as you require.
The family touch
From day one, you’ll be looked after by Ian George, Russell Sawyer and Mark Williamson – whose flawless industry reputation results from their personal, personable and proactive approach. We’ll leave no stone unturned in crafting an insurance solution that provides the protection you need, driving long-term stability and growth.
Project and client experience
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
GEO communication satellites
MEO/LEO satellite constellations
Government/classified/military missions
Earth imaging satellites (both photo and SAR)
In-orbit servicing
Lunar missions
‘New space’ programmes
Launch service providers
Talk to us
We can’t wait to find solutions that help your space venture soar.
Ian George
Head of Space
ian.george@lockton.com
+44 771 775 3579
Russell Sawyer
Satellite Account Executive
russell.sawyer@lockton.com
+44 771 777 2089
Get in touch
Related Space and Satellite insights
Space and satellite insurance FAQs
What is space insurance?
Space insurance provides financial protection against specified risks in manufacturing, handling, launching and operating space systems or hardware. An insurance policy is arranged by an insurance broker, such as Lockton Space, acting as an intermediary between the client (satellite owner, operator, manufacturer or launch provider) and the underwriters (who underwrite the risk and make payments in the event of a successful claim). The majority of space insurance policies are written for commercial communications satellites and imaging satellites, but you can get coverage for most satellites and spacecraft types, for both launch and in-orbit life.
What does satellite insurance cover?
Traditionally, a satellite is insured according to a sequence of events in its lifetime, which can be divided into four main phases: manufacturing, pre-launch, launch and in-orbit operation. In practice, coverage for in-orbit test, commissioning and early operational lifetime is included in the launch policy, which typically covers launch plus one year of life. Policies are then negotiated on an annual basis for the remaining in-orbit lifetime.
How do I get insurance for a satellite launch?
The first step in insuring a launch is to contact a space insurance broker, like Lockton Space. A good broker will discuss your specific needs, advise on policy details and provide informed and friendly guidance throughout. As an intermediary between the client and the underwriters, the broker will negotiate a competitive rate for the coverage, supporting you with any subsequent issues from policy renewals to claims.
How do I get lifetime insurance for a satellite?
Most space insurance brokers can support you in obtaining lifetime insurance for a satellite. The key is to find the right broker for you.
Why do I need a space insurance broker?
You need space insurance, but how do you know you’re getting the best deal for your requirements? An experienced broker will identify your risk, provide expert advice on managing it, and match you with an insurer that protects every aspect of your ventures. Acting as an intermediary between you and the underwriters (who work for the insurer and make payments in the event of a successful claim), your broker negotiates the best possible coverage for your needs, supporting you with subsequent issues from renewals to claims.
How do I choose a space insurance broker?
If you’re looking for space insurance, you need a broker you can trust. Partner with Lockton and you have not just a broker but an advocate – on your side and at your side, every step of the way. Family-run and privately-owned, we build lasting relationships with our clients. Our approach is personal and personable. Our retention rate speaks for itself. Ultimately, you need a broker that goes the extra mile to keep you protected – today and tomorrow.
How can insurance help NewSpace companies?
Entrepreneurial companies developing new space systems and solutions are understandably technology-focused and have little time to consider insurance. However, a carefully tailored insurance policy can be a crucial part of a NewSpace company’s risk mitigation strategy. Not only does it provide reassurance for investors, it helps your company survive the possibility of a catastrophic launch or in-orbit failure.
What will space insurance cover in future?
To date, the majority of space insurance policies have been written for commercial communications satellites and imaging satellites. But coverage can be obtained for most satellites and spacecraft types – for both launch and in-orbit life. The industry is currently looking at coverage for anything from in-orbit servicing vehicles to commercial space station modules. As the purpose of the space insurance industry is to support and provide risk mitigation for the development of space-based capabilities, it will develop alongside the technology – be it solar power satellites, lunar mining or space tourism.
When was the first space insurance policy written?
The first space insurance policy was written in 1965 for Intelsat I, the first commercial geostationary communications satellite – otherwise known as Early Bird. But it only covered pre-launch and third-party liability (for US$5 million and US$25 million, respectively), because the risks of launch and in-orbit life were not well understood by insurers. By the 1970s, it was possible to insure satellites across four main life-phases: manufacturing, pre-launch, launch and in-orbit operation.
Can astronauts get insurance?
Astronauts and other space travellers are not usually insured, but there’s potential for a future life insurance policy for space risks. The first astronaut life insurance policy was written in 1969 for the Apollo 11 crew – Neil Armstrong, Edwin Aldrin and Michael Collins – by the Greek Insurance Company Inc. According to the policy document, it covered “loss of life or disappearance in space and permanent total disability of the insured astronauts.” The coverage amount was US$10,000 per astronaut and was intended to match the average life policy then current in the US. However, it’s not clear whether the policy was arranged with the consent of the astronauts or devised as a marketing stunt.
Your mission, covered
Partner with us and we’ll give you expert risk advice through the entire lifecycle of your space venture.
Find out more