Aon Risk Solutions has formed a partnership with Space Expedition Corporation (SEC), the Netherlands-based space tourism company.
The two have designed an insurance policy providing customised protection for space tourists regarding losses related to flight cancellation, postponement or temporary interruption.
Based upon regular non-appearance cancellation cover, the policy also includes additional supplemental coverage.
SEC will begin to operate daily commercial flights to space in 2014, for private citizens who can complete a mandatory training programme and pass medical testing.
Flights will be performed in the Lynx suborbital spaceplane designed and built by XCOR Aerospace.