• Thu. Apr 18th, 2024

AXA XL Broadens Mid-Market Insurance Coverage with New XL Plus Endorsement

BySamantha Jones

Apr 4, 2024
Expansion of General Liability Coverage in AXA XL’s U.S. Mid-Market Insurance Business

In the United States, AXA XL’s Mid-Market insurance business is introducing a new XL Plus broadening endorsement to improve its 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 in the XL Plus endorsement 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 continually 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 by AXA XL demonstrates their commitment to providing tailored insurance solutions to mid-sized businesses in the U.S., through their introduction of the XL Plus broadening endorsement. By offering expanded protections and addressing evolving risks, AXA XL aims to support mid-size clients in managing unforeseen events and enhancing their financial protection.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

Leave a Reply