AXA XL Launches New XL Plus Broadening Endorsement for Mid-Market General Liability Coverage

AXA XL’s U.S. Mid-Market insurance business has introduced a new XL Plus broadening endorsement to enhance its general liability coverage for mid-sized businesses. This endorsement provides over two dozen expanded protections to help businesses mitigate risks. The XL Plus endorsement extends the coverage of the base policy by including additional risks that are not typically covered, such as damage to rented premises, automatic additional insured status, blanket additional insured agreements, and 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 adapting coverage to meet the evolving risks faced by mid-size clients. He highlighted the need for comprehensive insurance packages to reduce gaps in coverage and enhance financial protection against a broader range of risks.

The Mid-Market team at AXA XL is taking steps to develop a targeted offering for midmarket clients in the U.S., with a focus on underwriting private equity and general industry insurance business. The team is also working on building a dedicated underwriting team to address the insurance needs of mid-sized construction businesses.

This initiative by AXA XL demonstrates a commitment to providing tailored insurance solutions to meet the specific needs of midmarket businesses in the U.S. The XL Plus broadening endorsement offers valuable expanded protections that can help businesses navigate unexpected events and mitigate potential risks. By continuously reviewing and enhancing coverage offerings, AXA XL aims to provide midsize clients with the comprehensive insurance packages they need to protect their financial interests and ensure business continuity.

In summary, AXA XL’s U.S. Mid-Market insurance business has introduced a new XL Plus broadening endorsement that provides over two dozen expanded protections for general liability coverage for mid-sized businesses. The company is committed to providing tailored insurance solutions that meet the specific needs of its clients in the U.S., with a focus on underwriting private equity and general industry insurance business, as well as building dedicated underwriting teams for mid-sized construction businesses.