EV sales increased by 76% between 2020 and 2021, according to the insurer
Axa Commercial has updated its motor fleet proposition to accommodate the uptick in electric vehicles (EVs) by updating its policy wordings.
These now include definitions and consideration for EV accessories, such as charging cables and connectors, as well as cover for accessory loss or damage to charging points.
Douglas Barnett, Axa Commercial’s director of customer risk management, 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 futureproofed motor fleet proposition, supporting our customers to make the right decisions for their business and for the planet.”
The policy changes will come into effect from 1 March 2022.
Futureproofing motor fleet
The proposition is supported by Axa’s business resilience team, who help manage and reduce risks.
The team is made up of in-house experts that have a wealth of knowledge and can advise on how claims occur and how to mitigate them, helping businesses appropriately prepare their fleets for success.
Barnett added: “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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