New benefits for SMEs and corporate market, claims insurer
Axa has re-designed its motor trade product to target both SMEs and the larger corporate market.
Axa claims the product is suitable for a range of trades operating within the vehicle service, sales and repair sectors.
Features include: wider choice of road risk options for vehicles, including semi-comprehensive cover, new-for-old vehicle replacement and third party property damage increased limit of £10 million; Public and products liability up to £5 million as standard; improved cover for vehicle contents cover, seasonal increases and substantially improved limits for theft of keys; Equipment breakdown including cost of temporary hire while awaiting repair or replacement; Legal expenses.
Ant Middle, managing director of commercial lines at Axa Insurance, said: “We have a strong holding in the SME commercial market and re-designing the Motor Trade product will ensure that we maintain our competitive advantage and offer a variety of covers to suit our customers’ needs.”
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