AXA XL announced the launch of a new insurance solution designed to cover the risks associated with autonomous vehicles. The offering will help companies developing or using the technology to better manage and transfer those new and evolving risks.
The policy provides a core coverage of third-party liability, damage to property insured and vehicle theft. Additional coverage can be added to meet each client’s needs:
- Modular coverage options: Liability for Damage in the Insured’s Care, Custody or Control, Liability for Damage to Trial Suite, Cyber Attack Liability for Damage / Bodily Injury, AV Trial Interruption, Data Restoration Expenses.
- Available extensions: Statutory Motor Liability Cover, Cyber Extension, Crisis Management/Response Service, Loss of Turnover Extension.