AXA Commercial launches EV insurance proposition for fleets

AXA Commercial has launched a new proposition to suit fleet customers with electric vehicles (EVs), effective from March 1.

The proposition includes “future-proof” policy edits, including definitions and consideration for electric vehicle accessories such as charging cables and connectors as well as cover for loss or damage to charging points.

It’s supported by the AXA Business Resilience Team, which is made up of in-house experts and can advise on how claims occur and how to mitigate them.

AXA’s recent Future Risk Report revealed that climate change is the top concern for both risk experts and the public in the UK, making the move to an EV fleet a clear choice for businesses looking to advance their sustainability credentials.

In line with AXA’s commitment to carbon reduction, as part of the United Nations-backed Race to Zero campaign, it looks to understand the risks of climate change and encourage and support customers to make a difference.

Dougie Barnett, director of Customer Risk Management at AXA Commercial, said: “We have witnessed the growing trend for electric vehicles, with an increase of 76% sold between 2020 and 2021. To respond to this, we are pleased to offer this future-proofed motor fleet proposition, supporting our customers to make the right decisions for their business and for the planet.

“We are committed to working with our customers to develop and enhance our propositions and continuously provide the best and most appropriate cover for businesses.”

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