It’s one of the key products in its line-up and now AXA
has revamped its motor trade SME offering.
The insurer announced the shake-up earlier today highlighting that it will include a range of new policy elements such as no-claims bonus protection. SME motor traders can also enjoy cover for misfuelling, such as fuel removal and replacement and subsequent damage repair; as well as for alternative transport or hotel expenses if a vehicle is not roadworthy and a journey cannot be completed.
As an addition, the policy will also now cover leased vehicles – covering the difference between the insured value and the contract settlement figure if the vehicle is written off.
According to Marc Johnson-Hall, motor trade product manager of AXA
UK, the move is part of the insurer’s push to improve its offering for the SME market.
“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,” he said.
“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.”
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