Insurance guidelines

In order to participate in the NASA TechLeap Prize, you must demonstrate that you have at least $250,000 liability insurance coverage or otherwise demonstrate financial responsibility for that amount.

Per the insurance section of the rules, terms, and conditions, the insurance must:

  • Provide minimum claims coverage in the amount of $250,000 USD.
  • Have a policy period of date of submission through December 31, 2028.
  • Insure each challenge applicant on the team.
  • Cover all claims by a third party for death, bodily injury, or property damage, or loss resulting from an activity carried out in connection with participation in the Challenge.
  • Cover the Federal Government, Luminary Labs, and all its contractors for damage or loss to Government property resulting from Challenge activities.
  • Name the U.S. Government and Luminary Labs as additional insured parties.

The official name and address of the entity needed on the team insurance is as follows:

For the U.S. Federal Government:

NASA
Associate General Counsel for Commercial and Intellectual Property
300 E Street SW
Washington DC 20024-3210

For Luminary Labs

Luminary Labs
33 Whitehall St #12c
New York, NY 10004

If activities related to the competition will occur at a residence, Teams may wish to check with their current homeowner’s insurance provider to see if the Competition activities can be covered under the current insurance policy.

If activities related to the competition will occur at a University or Corporate office, Teams may wish to contact the University or Company to see if the Competition activities can be covered under the organization’s insurance.

NASA does not endorse or sponsor any commercial product, service or activity. This document does not, in any way, constitute an endorsement of any one insurance provider by any organization involved with the NASA TechLeap Prize, including, but not limited to, Luminary Labs, its contractors and/or sponsors, NASA or the U.S. Government.

Applicants are required to perform their own due diligence when contracting with any insurance provider. None of the organizations involved in the NASA TechLeap Prize will be held responsible for any difficulties encountered when entering into a contract with any insurance provider.