Space risks lessen if mission has redundant capabilities and back-up: Lockton Re
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Space risks lessen if mission has redundant capabilities and back-up: Lockton Re

Satellite orbiting Earth

As space tourism becomes a reality and concerns rise about challenges like space debris and a busy low Earth orbit, launch insurance and third-party liability can help mitigate risk, according to Lockton Re.

“Space insurers usually have satellite engineers in their underwriting teams or the underwriters themselves have an engineering background,” wrote Lockton’s Henrietta Barber in a recent report titled “Emergence of space tourism highlights risks in the earth’s orbit.”

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