OMEGASPACE

OMEGASPACE is Relm’s blended insurance solution designed for businesses that rely on space assets to deliver professional, commercial, and technological services on Earth. Unlike traditional insurance programs that fragment risk across multiple policies, OMEGASPACE provides cause‑agnostic protection in a single, coordinated structure. Whether loss arises from technology failure, human error, cyberattack, or regulatory scrutiny, the policy is designed to respond with clarity and assurance.

OMEGASPACE supports confidence across customers, regulators, and procurement teams by ensuring regulated insurance capital is in place when downstream space‑enabled services fail.

OMEGASPACE

  • 01

    OMEGASPACE COVERAGE

    OMEGASPACE integrates liability, cyber, regulatory, and crime coverage into a seamless downstream space insurance solution.

    Liability Coverage

    • Space services liability.
    • Space technologies liability.
    • Technology Errors and Omissions for space‑enabled service delivery.
    • Network security liability.
    • Privacy liability.
    • Artificial intelligence liability.

    Cyber Response and Business Interruption

    • 24/7 access to specialist cyber incident‑response teams.
    • Business interruption and increased costs of working arising from cyber incidents or system failure.

    Investigations

    • Coverage for costs associated with regulatory investigations.
    • Applicable to investigations by communications, data‑protection, and sector regulators.

     

    Digital Crime

    • Cyber extortion.
    • Theft of company funds.
    • Social engineering, funds‑transfer fraud, and invoice manipulation.
  • 02

    WHO IS OMEGASPACE FOR?

    OMEGASPACE is designed for downstream companies delivering services enabled by space infrastructure, including:

    • Earth‑observation and remote‑sensing service providers.
    • Geospatial analytics and decision‑support platforms.
    • Satellite‑enabled monitoring, environmental, and climate‑risk services.
    • Communications, navigation, and positioning service providers

    While OMEGASPACE does not insure the failure of in‑orbit assets themselves, Relm can provide bespoke launch and in‑orbit insurance solutions alongside OMEGASPACE where required.

  • 03

    Relm’s Underwriting Approach

    • Single, blended policy eliminating gaps between professional indemnity, technology E&O, cyber, and crime coverage.
    • Proprietary, tailored primary policy form.
    • Risks assessed and underwritten by specialist space and technology underwriters.
    • Coverage aligned to procurement and contractual requirements.
    • Integrated cyber‑response and business‑interruption protection.
  • 04

    OMEGASPACE Claims Scenario

    Claims Scenario #1: Technology Failure in Satellite‑Enabled Services

    A company operating a constellation of hyperspectral low‑Earth‑orbit satellites provides satellite tasking and analytical services to commercial customers, including mining companies. Customer‑specific tasking requests are processed through bespoke software designed to identify likely mineral deposits.

    One customer alleges that the service failed to identify a significant mineral deposit that was later exploited by a competitor. The customer issues a claim alleging negligence in the delivery of space‑enabled analytical services.

    As investigation progresses, it emerges that the analytical tools had correctly identified the deposit, but a coding error in the user interface prevented the customer from seeing the result. The technological failure remains covered under the policy.

    During the course of the claim, a junior employee is targeted by a social‑engineering scam and is tricked into making a payment believed to be connected to expert advisory fees.

    OMEGASPACE responds by providing defense and investigation support for space services and space‑technology liability claims, covering the social‑engineering fraud loss, and funding public‑relations costs to mitigate reputational damage following public disclosure of the dispute.

     

    Claims Scenario #2: Privacy and Network Security Breach

    A satellite‑enabled monitoring company combines Earth‑observation imagery with weather and hydrological models to deliver near real‑time flood‑warning services via a consumer application. Limited personal information is held to support service delivery.

    The company receives intelligence that personal data relating to end users has appeared for sale on the dark web. It immediately engages the 24‑hour incident‑response service and notifies Relm of a potential claim.

    Forensic investigation confirms a network‑security breach as the cause of the data exposure. Regulators subsequently involve the company in wider investigations into insurers that rely on the service for domestic flood‑risk monitoring.

    OMEGASPACE responds by funding incident‑response and remediation services, supporting notification obligations, covering regulatory investigation costs, indemnifying liability claims (if made), and reimbursing lost profits arising from business interruption while systems are restored.

QUICK LINKS FOR FURTHER READING

OMEGA SPACE: Comprehensive Protection for the New Space Economy

An overview of how OMEGASPACE delivers cause‑agnostic, consolidated protection for companies providing space‑enabled services to customers on Earth.

Cyber Risk in the Space Economy
Explores the expanding cyber‑attack surface created by the integration of space and terrestrial systems, and how cyber incidents can drive service disruption, data loss, and business interruption for space service providers.

Risk Wrap: Space Cyber Risks and Growing Board Exposure
Highlights real‑world cyber threats, fraud, and governance challenges affecting commercial space operators, and the implications for liability, regulatory scrutiny, and executive accountability.