Expansion of General Liability Coverage in AXA XL’s U.S. Mid-Market Insurance Business

AXA XL Expands Mid-Market Insurance Offerings in the US with New XL Plus Endorsement

AXA XL’s U.S. Mid-Market insurance business 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 by AXA XL demonstrates the company’s commitment to providing tailored insurance solutions to mid-sized businesses in the U.S.

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. Some of the expanded protections included in the XL Plus endorsement are 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.

This new endorsement provides over two dozen expanded protections that go beyond the base policy, covering additional risks that were previously not included. It is designed to help mid-sized businesses manage unforeseen events and enhance their financial protection against a wider range of risks. This move by AXA XL shows that they are committed to providing tailored insurance solutions that meet the unique needs of mid-sized businesses in the U.S., helping them better manage risk and achieve greater financial stability and security.

In summary, AXA XL’s U.S. Mid-Market insurance business is introducing a new XL Plus broadening endorsement that provides over two dozen expanded protections for mid-sized businesses in order to enhance their general liability coverage and reduce potential gaps in coverage while addressing evolving risks faced by them. Additionally, AXA XL’s Mid-Market team is expanding its client offering in the U.S., which demonstrates their commitment towards providing tailored insurance solutions for all types of businesses through continuous reviewing of coverage and offering specific products that cater to their unique needs while managing unforeseen events with greater financial protection against a wider range of risks .

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