Travel insurance provider battleface plans to boldly go where few insurers has gone before. The company says it will be one of the first to offer insurance’ for space tourists.
The new policy is a bespoke offer with benefits available including accidental death and permanent disablement.
Underwritten by certain Underwriters at Lloyd’s, the policy can be valid for any of the space flights operated by’ Tesla founder Elon Musk’s’ SpaceX, Amazon CEO Jeff Bezos’s’ Blue Origin, Richard Branson’s Virgin Galactic, and high-tech balloon manufacturers’¯Space Perspective amongst others.
Sasha Gainullin, CEO of’ battleface said: "We regularly’ revisit our policies to ensure we are relevant to today’s marketplace, and while space tourism is still in its infancy, several hundred space flights have been sold to ‘civilians’ and demand is growing"
With the advent of more affordable space travel, costs should come down as demand rises alongside the need for insurance. We are excited to be one of the first companies in 2021 to be providing insurance to space tourism pioneers."
According to a Lloyd’s report, this new space tourism industry is set to grow to be worth $1 trillion by 2040.
