Jackson Lee highlights EV as "growing opportunity" for brokers with new launch
Jackson Lee Underwriting has launched electric vehicle early termination cover for companies participating in salary sacrifice schemes, as part of a wider push into the EV space in 2022.
Early termination insurance protects companies supplying electric vehicles as part of a corporate salary sacrifice scheme against the financial penalties of early redemption, for example if an employee resigns, loses their license on medical grounds, or falls sick. The policy is underwritten by Great American Insurance International (UK).
Jackson Lee said normally a car wouldn’t make financial sense on a salary-sacrifice scheme because it would attract a level of company car taxation above any
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