News Item: ABAX Helps Drive Down the Cost of Fleet Insurance
ABAX, a HITS approved member, has enhanced its industry leading telematics solution by adding a usage based fleet insurance in partnership with Zego, to help drive down the cost of fleet insurance.
With the usage-based fleet insurance, your premium is determined by the amount of time that your vehicles are on the road, or the distance that they
cover. To ensure that your vehicles are always fully insured, you pay a minimum base rate for your policy. A flexible top-up premium is then calculated depending on how much your vehicles are used. No matter how many miles you cover, you’ll never pay more than your agreed monthly cap.
Morten Strand, CEO, ABAX said: "The world of business and commerce has been changing rapidly for some time, although no-one could have foreseen the impact of COVID-19, which has both accelerated the change, and pushed businesses into some interesting, and challenging new directions. To survive, businesses must adapt, and embrace new and innovative ideas, such as the Zego usage-based insurance, powered by ABAX."
ABAX Open Platform enables fleet policyholders the option of a world class telematics solution, that along with reducing insurance costs, provides fleet
managers with many additional benefits, including the ability to track vehicles, monitor driver behaviour, and keep fully compliant HMRC tax records.
Dom McCormack, Chief of Staff, Zego said: "The partnership between ABAX and Zego represents a significant opportunity for both businesses, as well as
the customers we serve. The relationship with ABAX will enable Zego to scale our flexible fleet insurance solutions at an increased pace, and continue to
bring fairer pricing to our customers at a time where aligning costs with their revenue stream is more important than ever."
For more details about ABAX Solutions, including their fleet insurance offering please visit abax.com/uk or call 01733 698888.