Tech startups in the US have had to contend with the fact that they may not be covered by any of the companies’ insurance, and have been struggling to attract new customers.
However, one company, Axiom, is looking to address this by offering a no-faults insurance policy, which would cover customers who had their accounts frozen by the insurance company for a specific reason.
Axiom CEO and co-founder, Josh Miller, said in a press release that the policy would cover anyone whose account was frozen for anything other than the cause of fraud.
According to Axiom’s website, Axion’s policy covers anyone who is “stopped by an Axiom product and has an Axion product liability insurance policy that does not cover them,” which is a “major change for Axiom and Axiom customers.”
Axiom has a history of being a popular choice for insurance companies looking to expand their coverage in the face of the growing popularity of tech startups, which are often more risky and have a more risky product to boot.
The company is known for offering insurance that covers its founders, but the policy is limited to those who are members of the company.
“The Axiom no-Faults policy is designed to help Axiom keep the Axion team accountable and to protect our customers from any claims that could result from the Axiom team’s actions,” the company wrote in a statement.
“It is designed specifically to help ensure that the Axions customers have the protections they need in order to get the Axies services.”
Miller said that he has been “very pleasantly surprised” by the response from the insurance companies.
“When we launched in January we had about 10 to 15 customers, but by the end of the year, we had over 20 to 30,” he said.
“We have had a lot of support from the regulators.
They are really supportive of our business and their support is so important for us.”
A spokesperson for the US Department of Homeland Security said that the agency was working with Axiom to assess the policy, and was in the process of “reviewing the benefits” of the policy.
According the spokesperson, it is possible that Axiom will be able to offer the policy to customers who did not have a valid insurance policy.
The spokesperson did not provide any further details on how Axiom plans to provide coverage for Axion customers, and how Axion plans to protect its customers.
Axion, a digital business management platform, is a subsidiary of Axiom Technologies.