Brexit cover added to Management Liability product

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 at AXA UK

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.

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Legal notes

About AXA UK

AXA Insurance UK plc registered in England and Wales under registered number 078950 and authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority under Financial Conduct Authority registration number 202312. Registered office is 20 Gracechurch Street, London, EC3V 0BG.

AXA UK is part of the AXA Group, a worldwide leader in insurance and asset management, with 147,000 employees serving 94 million clients in 50 countries. In 2023, IFRS revenues amounted to Euro 102.7 billion and underlying earnings to Euro 7.6 billion. AXA had Euro 844 billion in assets under management as of December 31, 2023.

In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.

Important legal information and cautionary statements concerning forward-looking statements

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5: “Risk Factors and Risk Management” of AXA’s Universal Registration Document 2022, for a description of certain important factors, risks and uncertainties that may affect AXA’s business and / or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

AXA adds Brexit cover to its Management Liability product