Churchill Expert, Direct Line Group’s flexible fleet insurance specialist, has partnered with DriveElectric to give companies establishing Electric Vehicle (EV) salary sacrifice schemes, the option of including fully comprehensive insurance in their packages.
DriveElectric specialises in leasing pure electric vehicles and works with businesses and individuals to make the switch to zero emission motoring. Through DriveElectric’s salary sacrifice scheme, companies can offer employees EV packages that include vehicle lease, maintenance, tax, insurance, and breakdown cover, all within a tax efficient monthly payment.
The partnership gives companies setting up a scheme the option of adding Churchill Expert’s fully comprehensive insurance, covering: vehicle theft, accidental damage, theft or accidental battery damage, theft of charge cables and EV charger wall boxes.
Nicola Richmond, Head of Churchill Expert Flexible Fleet Partnerships, said:
“We’re excited to support DriveElectric and their customers as they transition to EVs. With benefit in kind tax rates for battery electric vehicles confirmed until 2028, salary sacrifice will play a major role in supporting the switch to electric in the run up to 2030 ban on the sale of petrol and diesel cars. BVRLA data shows that salary sacrifice has now become the fastest growing car finance method1.
“As well as offering employees a flexible and affordable way to switch to electric, salary sacrifice helps employers attract and retain talent. Our research2 shows that a third of drivers say access to an Electric Car Salary Sacrifice Scheme (ECSSS) would have a positive effect on how they view their employer, while 17 per cent would even consider switching jobs if a similar company were offering an ECSSS.”
Adam Kemp, Director of Partnerships at DriveElectric, said:
“We’re so very pleased to be partnering with Churchill Expert. Together we have developed a unique and compelling EV salary sacrifice scheme for both existing and new DriveElectric business customers.
“Salary sacrifice schemes for electric vehicles are an essential part of the EV ecosystem. By offering an affordable way to drive a new car we're also creating a used car market for everyone as we push to achieve a net zero future.
“With Churchill Expert as a key partner we can help accelerate this transition to electric by helping businesses (both small and large) provide their employees with significant financial savings.”
ENDS
Notes to Editors
1 file:///F:/Downloads/BVRLA-Leasing-Outlook-Report-April-2023.pdf
2 Over 19 million drivers ready to make the switch to electric - Direct Line Group
For further information please contact:
Unni Henry
Churchill Expert PR Manager
Email: unni.henry@directlinegroup.co.uk
About Churchill Expert
Churchill Expert specialises in providing easy access to flexible mobility insurance, as well as business and landlord insurance through partnerships. Part of the well know and much-loved Churchill brand, Churchill Expert is a trading name of insurance intermediary U K Insurance Business Solutions Limited (UKIBS) which has been operating since 2004 and provides NIG policies underwritten by U K Insurance Limited (UKI). Along with the insurer U K Insurance Limited (UKI), U K Insurance Business Solutions Limited is part of the Direct Line Group.
U K Insurance Business Solutions Limited is authorised and regulated by the Financial Conduct Authority, FCA registration number 313783. Registered office: Churchill Court, Westmoreland Road, Bromley, Kent, BR1 1DP. Registered in England and Wales No 05196274.
U K Insurance Limited trading as NIG is an insurance company which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Notes to editors:
- We are the UK's only diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
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