A 2 second Google search says your wrong. Launch insurance is out there. If companies choose to not purchase it, well that's on them.

https://www.munichre.com/en/solutions/for-industry-clients/space-and-satellite-insurance-solutions.html

Cause satellites can be insured and rebuilt if the launch fails, and launch escape systems add more complexity and cost to an operation (both the rocket and satellite).

People on the other hand, while they can be insured, it's the rebuilding part that we aren't so great at - hence launch escape systems for people, not satellites.