Executive Overview
As a financial services adviser, you help individuals, families, and businesses balance their books and make life-defining monetary decisions. While your technical financial advice demands dedicated regulatory oversight, the physical and operational risks of running your business demand robust commercial insurance.
AXA UK provides modular, tailorable business insurance packages designed specifically for financial practitioners including mortgage advisers, independent financial advisers (IFAs), tax consultants, and investment managers.
Core Cover Modules
1. Public Liability Insurance
Public liability cover protects you against accidental third-party injury or property damage. Whether a client visits your private consulting room and suffers an accidental fall, or you spill coffee on client equipment during an on-site portfolio meeting, this covers legal defense costs and compensation awards.
2. Employers’ Liability Insurance (£10M Standard)
In the United Kingdom, employers’ liability is a statutory requirement if you employ anyone — including administrative assistants, paraplanners, or trainee consultants. AXA covers up to £10 Million if a member of your staff becomes injured or ill due to their work duties.
3. Business Equipment & Mobile Devices
Financial advisors operate on high-spec laptops, tablets, and smartphones containing vital presentation tools and communication channels. AXA allows you to cover this gear against accidental loss, damage, or theft across the UK.
4. Court Attendance Compensation
A standout benefit: both public and employers’ liability covers include compensation payments if a director, partner, principal, or employee is requested to attend court regarding a covered claim.
5. 24/7 Legal and Tax Advice Helpline
Whatever combination of insurance you select, AXA provides complimentary access to an expert legal and tax helpline provided by Arc Legal Assistance Ltd (authorised and regulated by the FCA).
Who Is Eligible For Cover?
- Independent Financial Advisers (IFA)
- Mortgage Advisory Services & Brokers
- Tax Consultants & Bookkeeping Specialists
- Investment Consultants & Wealth Planners
- Legal Services & Commercial Advisory Practices
Exclusive Online Benefit
Purchasing online entitles you to an automatic 10%* discount that remains in effect for the entire lifetime of your active policy.
The Verdict
AXA UK provides an exceptionally dependable, modular business insurance framework for the financial services community. With flexible public and employers’ liability, mobile equipment protection, and an automatic lifetime 10% online discount, it is an essential safeguard for financial practices.