AXIS, Simply Business partner to offer insurance for at-home businesses

The product "comes at a critical moment" as more businesses operate from home

AXIS, Simply Business partner to offer insurance for at-home businesses

Insurance News

By Ryan Smith

Simply Business, a digital insurance agency offering small business insurance, has announced that it is the first distributor to work with AXIS Insurance on a new product intended for US small business owners who conduct business from their homes. The product, AXIS Home Based Business insurance, will offer coverage designed specifically for home businesses.

Since homeowners’ insurance may not cover commercial losses, entrepreneurs who run their businesses from their homes may not be protected from risk. The Home Based Business product is intended to fill those gaps, AXIS said.

“Being able to offer this product reflects our continuing mission to serve the unique needs of small business owners, and it comes at a critical moment, as many entrepreneurs have been forced to work from their homes due to the pandemic,” said David Summers, CEO of Simply Business. “We look forward to working with AXIS, a leader in the specialty insurance industry, to offer a product that gives customers peace of mind and allows them to focus on maintaining and growing their business.”

“AXIS Home Based Business insurance provides businesses with the flexibility to have exactly what they need and nothing they don’t,” said AXIS Insurance CEO Peter Wilson. “It’s designed to deliver at-home business owners’ confidence and protection to succeed. We are delighted to launch our new product with Simply Business, a company that shares the same sentiment.”

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