AXA Insurance has revamped its motor trade SME product by introducing a range of new policy elements including no claims bonus protection.
As part of the changes, SME motor traders can also get cover for misfuelling, including fuel removal and replacement and subsequent damage repair, as well as hotel expenses and alternative transport if your vehicle in is no longer roadworthy following an accident and you can't complete your journey.
In addition, the policy includes cover for leased vehicles, which covers the difference between the insured value and the contract settlement figure if the vehicle is written off.
The move is part of AXA's push to improve its offering for the SME market by creating policies that are easier to understand and tailored to the policyholders' specific needs.
“Around 90% of the motor trade sector businesses are SMEs and it is our duty to provide these entrepreneurs with the insurance they need to focus on their day to day business.
“With nearly 50 years providing a dedicated motor trade product, we understand motor trade SME businesses and listen carefully to what our customers - and our brokers - need. The changes to our SME motor trade product reflect that.” Marc Johnson-Hall, motor trade product manager, AXA UK.
The revamp of AXA's Motor Trade SME product comes after changes to its mid-market manufacturing policy in June and its e-trade landlords' product in April.
For more information please contact your local AXA branch.