AXA XL launches new inland marine insurance product in North America

AXA XL’s North America marine insurance business is now offering a new product for the construction industry. The new contractor’s equipment product includes 33 additional coverages, which include the following: Drones for $1,500 Extra Expense, $10,000 for Contractor’s Equipment, $5,000 for Property That Supports Your Business. Improvements, betterments, attachments & upgrades for $25,000. Necessary repairs for $1,000. Newly acquired covered property - $10,000 for property that supports your business. Property while underwater for $10,000. Replacement keys and locks for $1,000. Rigger’s legal liability for $25,000. Void service contract of warranty for $2,500. According to AXA XL chief underwriting officer for North America marine Anne Marie Elder, the new product represents the company’s expansion of its risk appetite and underwriting expertise.

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