AXA XL rolls out XL Plus
AXA XL’s US Mid-Market insurance business is extending its general liability coverage for mid-size businesses with its new XL Plus broadening endorsement offering more than two dozen expanded protections.
The XL Plus endorsement expands the scope and depth of coverage and broadens the range of protections, covering additional risks that are not included in the base policy. The expanded protections include coverage for:
- Damage to premises rented to the mid-size business across a range of perils
- Automatic Additional Insured status when required in a written contract or agreement
- Blanket Additional Insured agreements for Managers or Lessors of Premises, Lessor of Leased Equipment, Mortgagee, Assignee or Receiver, vendors, state or governmental agency, among others.
- Extension of bodily injury coverage to include mental anguish.
AXA XL’s Mid-Market team is actively building out AXA XL’s targeted mid-market client offering in the US. The team currently underwrites private equity and general industry insurance business and is building a dedicated underwriting team to address mid-size construction businesses’ insurance needs.
“Unexpected events –an on-site injury, a contract dispute, a costly lawsuit – impact businesses of all sizes. That’s why we are continuously reviewing our coverage to ensure it adequately addresses the constantly evolving risks our mid-size clients are facing. By including a broadening endorsement, our mid-size clients can enjoy a more comprehensive insurance package, reducing potential gaps in coverage and enhancing their financial protection against a wider range of risks.” – Chris Fallon, Head of U.S. Mid-Market Product & Analytics.
