2026 SpaceTech Economic Forum
Monday, May 11 – Tuesday, May 12, 2026
IMA
SpaceTech
Team
Glebe Executive Risk Advisor
Love National Director + Growth Strategy, Advanced Industries Specialty
Severson Executive Risk Advisor
Yang National Growth + Operations Coordinator, Advanced Industries Specialty Practice
Support Structure + Value Added Services
IMA actively surrounds and supports aerospace clients with value added services, tailored to serve the unique challenges they’re faced with.
As a leading provider of risk management solutions to the aerospace industry,
IMA helps clients address issues, including but not limited to:
- Launch Insurance
- Contract Review
- Alternative Risk-transfer
- Privacy Concerns
- Government Contracting
- Cyber Liability/Terrorism
- Supply Chain Contingency
- Transport Risk
- Workers’ Compensation
- Product Recall
- Risk Evaluation
- Regulatory Compliance
- International Risk
UNIQUE Set of Risks, Requiring a UNIQUE Coverage
- Every space risk insurance policy is a manuscript policy tailored to each insured’s specific requirements
- Telecoms, SAR, optical, radar, internet – all mission types can be insured
- Each mission’s specific contractual performance requirements will define the loss formulae
- Placement of insurance requires specialist broker with knowledge of space risks
- Space Insurance broker works with satellite engineers to design appropriate loss formula
The “Pure Space” Risks
- Pre-Launch Campaign (Launch vehicle/ payload(s))
- Launch Vehicle Flight Phase (Launch until Separation)
- Third Party Liability
- Re-Launch Guarantee
Regulatory & Compliance Integration
CMMC 2.0 (effective Nov. 2025)
Who It Applies To
All DoD Contractors Handling FCI or CUI
Insurance/Risk Implication
Level 2+ requires C3PAO third-party assessment every 3 years. Non-compliance blocks contract award.
Executive Priority
Assess level now; begin C3PAO preparation if Level 2. Cyber insurance must align to regulatory exposure.
FAR Subpart 28.3
Who It Applies To
All Government Contractors
Insurance/Risk Implication
Government can require or disapprove specific coverage. CAS 416 contractors must carry insurance for all exposed peril.
Executive Priority
Review each contract’s insurance requirements clause before award. Build compliance matrix.
DFARS / ITAR flow-down
Who It Applies To
Prime and Subcontractors on DoD Contracts
Insurance/Risk Implication
Insurance, cyber, and export control obligations flow to the entire supply chain. Subcontractor non-compliance creates prime liability.
Executive Priority
Vet subcontractors for insurance and ITAR compliance. Include insurance requirements in subcontracts.
CSLA / FAA Launch Licensing
Who It Applies To
Commercial Launch Operators
Insurance/Risk Implication
MPL-based third-party liability insurance is required as a condition of launch license. Government indemnification applies above insured layer.
Executive Priority
Engage launch insurance market and FAA early. Insurance must be in place before license is granted.
Space Policy Directive-5 (Cyber)
Who It Applies To
Space System Operators
Insurance/Risk Implication
Establishes cybersecurity-by-design principles for space assets. Cyber insurance should address ground and space segments.
Executive Priority
Align cyber policy scope to SPD-5 requirements. Include ground-system, command link, and mission data exposures.
DBA / WHCA
Who It Applies To
Contractors with Overseas Personnel on DoD Contracts
Insurance/Risk Implication
Workers’ compensation for overseas employees is mandatory; war-hazard coverage applies in conflict zones.
Executive Priority
Purchase DBA coverage before deploying personnel under international DoD contracts.
DoD Executive Order (Jan. 2026)
Who It Applies To
Major Defense Contractors
Insurance/Risk Implication
Performance accountability now extends to corporate governance. Underperformance may trigger board-level remediation requirements.
Executive Priority
Ensure D&O coverage addresses regulatory investigation and government enforcement scenarios.
Contact a member of our team to learn more.
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