AXA Commercial has launched an electric vehicle (EV) insurance proposition for its motor fleet customers.
As businesses look to make more sustainable choices to their operations, AXA Commercial said it has responded to accommodate these needs with future-proofing policy edits. These include definitions and considerations for electric vehicle accessories such as charging cables and connectors as well as cover for loss or damage to charging points.
The proposition is supported by the AXA Business Resilience Team and will come into effect March 1st.
AXA’s Future Risk Report, published last year, revealed that climate change is the top concern for both risk experts and the public in the UK, making the move to an electric vehicle fleet a “clear choice for businesses looking to advance their sustainability credentials.”
In line with its commitment to carbon reduction AXA said it is looking 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.”
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