Axa Commercial is putting a focus on providing risk education and readiness support in financial lines with a series of new propositions coming to market in the coming months. The first enhanced proposition is its management liability prevent and protect offering, which has just launched. It provides directors and officers liability, company legal liability and employment practices liability.
Callum Taylor (pictured), technical director at Axa Commercial, said: “Management liability is a growing market and we’ve seen a 50% increase in demand over the past four years. For us, prevention is a key factor. Virtually every SME will need to speak to a solicitor at some point, so we’re offering our customers access to tried and tested expertise from rradar as part of their policy.
“Not only is there no additional cost, but they can be reassured they are receiving advice from reliable and knowledgeable legal experts. The enhanced benefits offered by our upgraded product put an emphasis on helping prevent our customers having to make a claim.”
Gary Gallen, founder and CEO at rradar, added: “Today, we empower many thousands of businesses to act proactively with our embedded legal and risk management support. The launch of their [Axa Commercial] management liability prevent and protect line will help many thousands more run smarter businesses.”
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