Axa revamps SME D&O offering in face of legal aid cuts
Provider will cover investigation costs and claims for SMEs.
Axa commercial lines and personal intermediary has revamped its D&O product for SMEs in response to changes to the provision of legal aid.
New legislation introduced in January this year has stipulated that company directors with assets exceeding £37,000, who find themselves facing criminal prosecution, will have no recourse to legal aid.
Axa said it had enhanced its e-traded D&O offering to cover the cost of criminal regulatory investigations and compensation claims made against SMEs and their
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