April 22, 2024 12:21 am
Expansion of General Liability Coverage in AXA XL’s U.S. Mid-Market Insurance Business

AXA XL’s U.S. Mid-Market insurance business is introducing a new XL Plus broadening endorsement to provide enhanced general liability coverage for mid-sized businesses. This endorsement includes over two dozen expanded protections that go beyond the base policy, covering additional risks that were previously not included. Some of the expanded protections include coverage for damage to rented premises, automatic additional insured status, blanket additional insured agreements, and an extension of bodily injury coverage to include mental anguish.

Chris Fallon, head of U.S. Mid-Market Product & Analytics at AXA XL, emphasized the importance of continuously reviewing coverage to address the evolving risks faced by mid-size clients. By offering a broadening endorsement, mid-size clients can benefit from a more comprehensive insurance package, reducing potential gaps in coverage and enhancing their financial protection against a wider range of risks.

Additionally, AXA XL’s Mid-Market team is expanding its client offering in the U.S. by underwriting private equity and general industry insurance businesses and establishing a dedicated underwriting team to cater to the insurance needs of mid-sized construction businesses. This move demonstrates the company’s commitment to providing tailored insurance solutions to mid-sized businesses in the U.S., through its introduction of the XL Plus broadening endorsement.

AXA XL aims to support mid-size clients in managing unforeseen events and enhancing their financial protection by offering expanded protections and addressing evolving risks with this new endorsement.

By introducing this new broadening endorsement, AXA XL is positioning itself as a leader in providing tailored insurance solutions to mid-sized businesses in the U.S., while also strengthening its commitment to financial protection for its clients against unforeseen events and evolving risks.

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