AXA Commercial has introduced a new electric vehicle proposition for fleet customers, supporting businesses making more sustainable changes to their operations.

AXA’s future-proofing policy edits include definitions and consideration for electric vehicle accessories such as charging cables and connectors as well as cover for loss or damage to charging points

AXA’s future-proofing policy edits include definitions and consideration 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 who are on hand to deliver smart solutions to manage and reduce risk. The team, made up of in-house experts, can advise on how claims occur and how to mitigate them, helping businesses appropriately prepare their fleets for success.

The new EV insurance proposition launches after AXA’s 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 electric vehicle fleet a clear choice for businesses looking to advance their sustainability credentials.

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

Dougie Barnett, director of customer risk management, 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.”

Changes will come into effect from 1 March.