Reinsurance News

AXIS Insurance & Simply Business target home-based U.S. businesses

3rd September 2020 - Author: Luke Gallin

AXIS Insurance, the specialty insurance arm of AXIS Capital Holdings, has selected digital insurance agency, Simply Business, Inc., as the first distributer to work on a new insurance solution for entrepreneurs.

axis-capital-logoThe new product, AXIS Home Based Business insurance, is for U.S. small business owners who operate from their homes, and will offer bespoke coverage designed specifically for the unique environment in which a home business operates.

The insurance offering, which is to be launched by AXIS Insurance and Simply Business, intends to fill coverage gaps within homeowners’ insurance policies. Standard policies may not cover commercial losses, meaning that those who run their businesses from home might not be covered from numerous unexpected events that could threaten their business.

David Summers, Chief Executive Officer (CEO), Simply Business, 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.

“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.”

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Peter Wilson, CEO at AXIS Insurance, added: “AXIS Home Based Business insurance provides businesses with the flexibility to have exactly what they need and nothing they don’t. 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 that same sentiment.”

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