We’re pleased to announce that our terrorism coverage for SME clients has been enhanced on our digital products, following the launch of Pool Re’s SME incentive scheme.
Terrorism cover will now be included as standard on Business Choice, Landlords, Offices & Surgeries and Retailers, for new business and renewals with effect from 16 December 2026. Terrorism cover will be automatically provided for policies with a combined buildings, contents, computer breakdown, specified all risks, and business interruption cover, where the total sum insured is less than £10 million. In addition to traditional blast terrorism cover, we’re also introducing a £25,000 limit for non-damage denial of access as standard.
Recent events have shown that terrorism isn’t always about large explosions or property damage, many have targeted people rather than premises. This highlights the importance of supporting SME businesses that are temporarily unable to operate due to police cordons or investigations. Including both terrorism cover and non-damage denial of access cover as standard, aims to provide financial support to our customers during these challenging periods, which can be critical to their recovery.
We’re delighted to be providing terrorism cover as standard for SMEs placed by insurance brokers on AXA’s digital platforms, subject to the £10m sum insured limit set by Pool Re. In addition, AXA will go further, not only offering traditional blast terrorism cover but also providing a £25k limit for non-damage denial of access as standard. If we reflect on recent terrorism events, many have targeted people rather than premises. In these situations, there is very little property damage, but when an area is cordoned and police investigations proceed, SMEs are often locked out of their businesses for an extended period. Our product will support them through this difficult period. In our view, this is the cover SMEs really need.
If you have any questions, please speak to your usual AXA contact.