Zego has launched two new insurance products for moped and e-bike fleets in the UK.
The new products, developed in partnership with insurance company Wakam, will help businesses in the food and grocery delivery market to save time and money, says the commercial motor insurance provider.
The first new product is usage-based and tailored towards electric and traditional moped fleets where businesses pay a minimum base rate to ensure their fleets are covered, as well as a premium calculated by Zego’s telematics partner ABAX, based on the distance vehicles cover.
The second new product is fixed-term annual cover catering for e-bike fleets, but is charged monthly to enable businesses to pay at shorter intervals, says Zego. This is priced per vehicle, so businesses only pay insurance for vehicles that are in use.
Fleet business can maintain greater control over cashflow and make savings through its new products, Zego says.
Ines Feracci, commercial director at Zego, said: “The market for fleet moped and e-bike businesses is growing at a rapid pace, particularly due to the surge in delivery and courier services as a result of the Covid-19 pandemic.
“Zego has already been able to serve this part of the market well, by partnering with a number of fleet businesses and work providers, and this product is an evolution of that work.
“We recognise the growing use of mopeds and e-bikes by delivery drivers and riders up and down the country, and are pleased that alongside our partners we are now able to provide a far more affordable and fairer insurance model for these businesses.”