AXA XL’s U.S. Mid-Market insurance business has recently introduced a new XL Plus broadening endorsement to enhance its general liability coverage for mid-sized businesses. This endorsement offers more than two dozen expanded protections to help businesses mitigate risks. By including additional risks not typically covered by the base policy, the XL Plus endorsement provides comprehensive coverage that can reduce gaps in coverage and enhance financial protection against a broader range of risks.
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 tailored insurance solutions that provide comprehensive coverage and reduce gaps in protection.
To address this need, 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 company is also building a dedicated underwriting team to address the unique insurance needs of mid-sized construction businesses.
This initiative demonstrates AXA XL’s commitment to providing customized insurance solutions that 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 comprehensive insurance packages that protect their financial interests and ensure business continuity.
