What type of business is it good for?

  • Severity and frequency risks with unique products and premises exposures
  • Significant cross-border exposure into the United States
  • Standalone general liability and/or excess liability, placed outside a commercial package
  • Companies with $25+ million in annual revenues
Luke Lichty
Casualty Unit Lead
Insurance
Toronto, ON, Canada
luke.lichty@axiscapital.comluke.lichty@axiscapital.com
Tel +1-416-361-7217Tel +1-416-361-7217

Solution

AXIS Excess Liability

Insurance
In a world of runaway defense costs, large jury awards, and significant social inflation, a primary liability policy often fails to provide adequate limits of insurance. Our flexible excess liability policies, attaching over a minimum of $1 million primary insurance, provide straight follow-form coverage. We are able to sit excess a number of different primary liability policies, offering continuity of insurance limits with no gaps in coverage. In a world of runaway defense costs, large jury awards, and significant social inflation, a primary liability policy often fails to provide adequate limits of insurance. Our flexible excess liability policies, attaching over a minimum of $1 million primary insurance, provide straight follow-form coverage. We are able to sit excess a number of different primary liability policies, offering continuity of insurance limits with no gaps in coverage.

Solution

AXIS General & Product Liability Insurance

Insurance
Companies need the security of general and products liability so they can focus on the day-to-day operations of their business. General liability lawsuits can arise if clients have contractors or customers on their premises, or if their employees work away from their premises at job sites. Consumers can be harmed by how a product is designed, manufactured, marketed, or misused. Lawsuits can be expensive and a distraction to normal operations. Our general and products liability insurance helps cover the legal and court costs to defend against lawsuits, and indemnify 3rd parties when required. Companies need the security of general and products liability so they can focus on the day-to-day operations of their business. General liability lawsuits can arise if clients have contractors or customers on their premises, or if their employees work away from their premises at job sites. Consumers can be harmed by how a product is designed, manufactured, marketed, or misused. Lawsuits can be expensive and a distraction to normal operations. Our general and products liability insurance helps cover the legal and court costs to defend against lawsuits, and indemnify 3rd parties when required.

  • Policy minimum premium is $10,000
  • Claims-made and occurrence policies
  • Worldwide coverage territory
  • Flexibility on GL deductibles and self-insured retentions
  • Flexibility on excess attachment points; no self-insured retention
  • Excess policies scheduling various primary liability policies:
    • General and products liability
    • Employer's liability and employee benefits liability
    • Non-owned auto liability
    • Owned auto and garage auto liability
    • Tenants' legal liability

AXIS PRIMARY & EXCESS CASUALTY INSURANCE 2

AXIS PRIMARY & EXCESS CASUALTY INSURANCE 1

  • Employee benefit liability
  • Employer's liability
  • Tenants' legal liability
  • Non-owned and hired auto liability
  • Pollution exclusion exception endorsements
  • Manufacturers' errors & omission
  • Product withdrawal expense
  • Garage keeper's legal liability

Primary liability

Commercial product manufacturers
  • Industrial machinery and equipment
  • Auto parts (Including critical)
  • Agricultural equipment
  • Energy and resource sector machinery and equipment
  • Chemicals
Consumer product manufacturers
  • Furniture
  • Food and beverage
  • Appliances
  • Exercise equipment
  • Electronics and technology products
Real estate and premises risk
  • Primary commercial occupancies
  • Banks and other financial institutions
Hospitality
  • Hotel and restaurant chains
Cultural institutions
Wholesalers,distributors,importers and retailers
Fisheries
Communications,media and technology companies
Professional services firms

Excess liability

All primary liability target classes
Forestry and pulp and paper
General and speciality trade contractors
Energy, power and utilities
Mining - surface

Document

AXIS Primary & Excess Casualty Appetite Guide