AXIS partners with Simply Business to offer protection for entrepreneurs

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has partnered with Simply Business, a digital insurance agency, to offer a new product intended for US small business owners who conduct business from their homes.

AXIS Home Based Business insurance will offer customised coverage that is designed specifically for the unique environment in which a home business operates. It is designed to fill the coverage gaps in the homeowners’ insurance policies that may not cover commercial losses.

Peter Wilson, CEO of AXIS Insurance, said the product is “designed to deliver at-home business owners confidence and protection to succeed.”

David Summers, CEO of Simply Business, added that the product "gives customers peace of mind and allows them to focus on maintaining and growing their business" as many entrepreneurs and small business owners have been forced to work from their homes due to the pandemic.