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.