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AXA enhances Business Choice product

Authored by AXA

We’re thrilled to announce that we’ve enhanced our Business Choice product to provide you and your clients with even more flexibility while trading

This upgrade reflects our ongoing commitment to empowering you with the tools and resources you need to thrive in today’s dynamic market.

As part of this enhancement, we’ve added over 160 new acceptable trades that previously declined, as well as introducing the SBC Hub. The hub has dedicated Underwriters to facilitate trading and referrals, providing the same advantages as a manually traded case, but with the added benefits of digital system documentation and simplified risk submission.

What’s changed?

  • Increased number of locations: We now accept up to 5 premises, an increase from the previous limit of 3
  • Increased Material Damage and Business Interruption combined exposure: We’ve raised the Material Damage and Business Interruption combined exposure limit to £8m, removing the previous inner limit of £3m
  • Wider construction acceptance: We now accept over 50% felt on timber, asphalt, fibreglass, glass, or plastic
  • Goods in Transit increase: Quote up to 10 own vehicles for Goods in Transit
  • Increased capacity for USA exports: Now up to 30% of turnover
  • Turnover limit increase: We now cater for businesses with a turnover up to £6.5m
  • New trades: Over 160 new trades that were previously declined

To contact the AXA SME Business Unit, CLICK HERE

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