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Axa XL launches commercial umbrella program



Axa XL's global risk management and North America's assault claims departments now offer Multipass, which aims to help multinational US residents effectively manage their tax / compliance rules and contract obligations, said Axa XL, a division of Axa SA, in a statement Thursday.

Coverage combines an internationally controlled master program with an umbrella liability policy to create a globally recognized commercial umbrella program and extends the international boundary of general public liability policy to meet customer requirements in a specific country or countries.

The umbrella policy capacity is $ 10 million and the capacity for multinational exposures is usually $ 5 million, with higher limits available on a case-by-case basis, according to an email from a spokeswoman.

written on locally approved paper for the country where it was requested, the statement said.

Multipass allows organizations to meet the requirements for evidence-taking local general liability protection over the primary liability limits under the globally approved commercial umbrella program, according to Stefan Homberger, Global Risk Management Manager for Multinationally Injured.

                    


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