Out-of-this-world coverage in the works

Those who were inspired by the recent space flights by billionaires Jeff Bezos and Richard Branson might soon have one less thing to worry about: insurance.

The French insurance company Axa SA is hoping to launch a line of coverage providing insurance for space travelers, Barron’s reported on Monday.

“The product that we’re working on developing would be to insure against bodily injury to the space flight participants, themselves,” Chris Kunstadter, global head of space underwriting at Axa XL, Axa SA’s commercial insurance division, told the news outlet. “That’s what we’re looking at for the future.”

While there exists insurance against space-related mishaps for rockets and other devices, there’s nothing that protects passengers, according to the outlet.