AXA launches first products on PowerPlace
AXA Commercial Lines has launched its Tradesmen and Professional
Liability products on PowerPlace, the online commercial insurance
marketplace.
Alasdair Stewart, Commercial Director at AXA Commercial Lines
comments: “Online distribution has an increasingly important part
to play in commercial lines, particularly at the SME end of the
market where competition is fierce. PowerPlace has done a great job
of creating a solution that makes it more efficient for brokers to
do business and we’re delighted to be part of its marketplace.”
Both the AXA Tradesmen and Professional policies are available
for self employed persons and small businesses with up to eight
people and a turnover of £500,000 or less. The policy provides
public liability cover as standard and the ability to select from a
range of optional covers allowing brokers to tailor the policy to
meet their clients’ specific needs - and also means that they only
pay for the cover selected rather than being charged for cover they
don’t need. Each trade is rated individually and if the client
needs to take on temporary staff to cover busy periods, cover is
automatically provided for up to 50 man days in any period of
insurance.
Nick Giddings, PowerPlace Commercial Director, says: “Launching
the AXA Tradesmen and Professional Liability products really
strengthens our panel across these lines of business. This is just
the starting point of the relationship with AXA Commercial Lines
and we’re looking forward to adding more AXA products to our
marketplace over the coming months.“
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