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01
Aug
2017

AXA Vantage Mid-Market Manufacturing

Tags: AXA Insurance

We've revamped our mid-market manufacturing product

 

Our mid-market manufacturing product has been refreshed. We've added a £1m public liability clean-up cost cover as standard, up to £10,000 for re-calibration of damaged production equipment and protection against the fluctuating cost of raw materials.

A number of new property damage and business interruption exclusions have also been added. These include £250,000 for research and development expenses, £100,000 for transit cover and an extension of many policy elements into the European Union.

We made these changes after we published our Confidence or crisis: Sentiment whitepaper that underlined the struggle mid-market manufacturers face when buying insurance. Many respondents said they were overwhelmed by lack of clear policy wording and being unsure about what their cover included and excluded.

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