Abstract
Space insurance is the financial protection and risk-sharing regime that protects those involved in space activity from loss of assets, business interruption, and third-party liability for bodily injury and property damage. The first space insurance policy was written in 1965, to protect COMSAT, the US signatory to INTELSAT, from liability arising from their involvement in deployment of the earliest INTELSAT satellites. Since then, space insurance has expanded to become a critical resource that enables innovation and investment in space activity, as well as unlocking the economic potential and providing an economic safety net for the risks associated with space activity.
Author supplied keywords
- Actual financial loss sustained
- Ancillary coverage
- Asset protection
- Business interruption
- Fortuity
- Indemnification
- Insurance coverage
- Insurance exclusions
- Insured vs. uninsured launches
- Launch insurance
- Launch risk guarantee
- Liability claims
- Low-value launches and satellites
- Market dynamics
- Pooling
- Risk
- Satellite failure
- Satellite value chain
- Space insurance
- Underwriting criteria
- Underwriting process
- Warranty payback coverage
- Wrap-around coverage
Cite
CITATION STYLE
Kunstadter, C. (2020). Small Satellites and Risk management, Insurance, and Liability Issues. In Handbook of Small Satellites: Technology, Design, Manufacture, Applications, Economics and Regulation: With 476 Figures and 92 Tables (pp. 1029–1039). Springer International Publishing. https://doi.org/10.1007/978-3-030-36308-6_60
Register to see more suggestions
Mendeley helps you to discover research relevant for your work.
