Satellite Insurance

Satellite insurance is a specialized aircraft safety industry with a total of 30 insurance companies providing services.

The insurance mainly covers the costs that may arise as a result of the following risks:

1) restart of the satellite in case of failure of the first launch;

2) replacement of the satellite in case of damage;

3) deviation of the satellite from the given trajectory;

4) failure of the satellite into orbit;

5) civil liability insurance to third parties.

The first company to insure the satellite was Lloyd's of London. In 1965, it insured the Intelsat Early Bird I satellite. In 1968, it insured the risks arising "before" and "during" the launch for the Intelsat III satellite.