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 broadening endorsement, called XL Plus, to its general liability coverage for mid-sized businesses. This endorsement provides 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.

In addition to introducing the XL Plus broadening endorsement, AXA XL’s Mid-Market team is also 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 by AXA XL demonstrates the company’s commitment to providing tailored insurance solutions to mid-sized businesses in the U.S. Through this introduction of the XL Plus broadening endorsement, AXA XL aims to support mid-size clients in managing unforeseen events and enhancing their financial protection against evolving risks.

The introduction of this new broadening endorsement will provide added security for mid-sized businesses who may face unique or unexpected risks that are not covered under traditional policies. With this enhanced coverage, these companies can better protect themselves from potential financial losses caused by accidents or other unforeseen events on their property or in connection with their operations.

Overall, this move by AXA XL highlights its commitment to staying ahead of industry trends and providing customized solutions that meet the evolving needs of its clients. By offering expanded protections and addressing emerging risks, AXA XL is positioning itself as a leader in mid-market insurance solutions in the US.

By Samantha Johnson

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