AXA launches Property Owners policy on PowerPlace

AXA Commercial Lines has today launched its Property Owners/Landlords policy on PowerPlace. This is the third product from AXA Commercial Lines to go live on the online commercial insurance marketplace in the last 7 months.

AXA Commercial Lines offers amongst the widest insurance protection by Property Owner insurance specialists in the marketplace today. This particular policy offers comprehensive insurance cover aimed at all commercial and residential landlords with property portfolios of up to ten properties. Its standard cover includes a maximum sum of £5,000,000 for buildings and £1,500.000 for loss of rent but also offers a multitude of optional extras such as accidental damage, subsidence cover, employers’ liability, property owner’s liability, loss of rent, landlord’s contents and terrorism cover.

Alasdair Stewart, Commercial Director at AXA Commercial Lines comments: “We are pleased to work with PowerPlace to support the development of online distribution. We feel they offer brokers significant efficiency gains and the capability to do even more business in today’s market.”

Nick Giddings, PowerPlace CEO, says: “We are delighted to be launching a third product from AXA on our marketplace. Over the next 12 months, it is imperative that we continue to provide our brokers with a wider selection of quality products. Moving forward, we shall continue to work with AXA Commercial Lines to add even more of their products to our marketplace.”