AXA adds Brexit cover to its Management Liability product

13 November 2018

Posted in Product

by Leigh Jackson (see media contact)

  • Brexit cover includes D&O and Company Legal Liability claims
  • AXA customers need certainty in times of uncertainty
  • The revamped policy gives free access to legal advice
 

 

AXA has upgraded its Management Liability product to include Brexit cover.

Claims arising from the UK’s exit from the European Union will be covered for both Directors’ & Officers’ Liability (D&O) and Company Legal Liability (CLL).

Policyholders needing guidance, related to Brexit or not, get free access to expert advice from our legal partner rradar.

“Businesses in the UK are increasingly concerned about the regulatory impact of the UK leaving the EU. We want to give our customers confidence that AXA is behind them in these uncertain times. We are constantly adapting our policies to meet the new challenges being thrown at UK businesses.” [Callum Taylor, Head of Management Liability]

Management liability insurance covers the costs of defending a business and its senior managers against legal and regulatory actions.

Brexit claims might arise when the regulatory landscape changes, affecting enforcement of existing or new EU or UK legislation in areas such as health and safety, food hygiene, trading standards, data protection and the environment.

Other MLP enhancements include personal tax investigation costs (up to £25,000) and third-party and telephone fraud cover (up to £10,000)

The upgraded MLP cover, available now, is part of a continuous effort to keep AXA policies in tune with customer needs. Last year, AXA also revamped its motor trade SME product and its hotels, hospitality and leisure proposition as part of a shake-up of its mid-market Vantage policies.