AXA boosts management liability offering with Brexit cover
Changing times, changing needs. Amid the prospect of claims arising from the shift in the regulatory landscape when the UK leaves the European Union, AXA has upgraded its proposition when it comes to management liability.
The insurer’s management liability product, which covers the costs of defending a business and its senior managers against legal and regulatory actions, now has added protection against Brexit claims. The enhancement applies to both directors’ & officers’ liability and company legal liability.
In addition, policyholders get free access to expert advice from AXA’s legal partner rradar.
“Businesses in the UK are increasingly concerned about the regulatory impact of the UK leaving the EU,” said management liability head Callum Taylor. “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.”
Meanwhile AXA’s offering now also includes third-party and telephone fraud cover of up to £10,000, as well as up to £25,000 to guard against personal tax investigation costs.