Salary sacrifice made simple
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Insurance solutions for salary sacrifice schemes
Lloyd Latchford provides insurance for motor vehicles leased through salary sacrifice schemes. Key to our approach is we understand how important it is that insurance sits seamlessly alongside your core proposition. We work closely with our partners to gain a firm understanding of your requirements, collaborating with our insurer to ensure their products are tailored to the specific needs of the proposition, in order to provide a quality solution.
The rise of salary sacrifice schemes
Offering a salary sacrifice insurance scheme allows businesses to provide valuable tax-efficient benefits to employees without additional costs. The surge in the number of vehicles being leased through these programs means the insurance world has had to adapt and we’re proud to be meeting the insurance needs of those drivers leasing vehicles through these schemes.
Lease partners
We have established solid relationships with major leasing partners with the number of partnerships we support continuing to grow. Here are some of the partners we’re working with currently:
Benefits of our proposition
Tech & support
Tech & support
We offer a specially designed quote process to make insuring vehicles leased through a salary sacrifice scheme quick and easy. In addition, we deliver accurate motor insurance pricing using just four data fields (the driver’s date of birth and postcode, contract length and vehicle details). An in-house digital team will support the integration needs of our partners and ensure their integrations deliver a seamless online journey.
Flexible driving options
Flexible driving options
Business use including commuting is provided as standard for all employees. Business use is available for the spouse of the employee on request, with the ability to include an additional driver for social, domestic and pleasure driving.
Comprehensive cover
Comprehensive cover
Our policy provides comprehensive cover for all drivers, including wide ranging features and benefits: Personal belongings cover up to £350 Medical expenses cover up to £350 Accident and recovery assistance, windscreen & glass repairs with no excess and cover to drive within territorial limits for 182 days a year (including most of europe)
Tech & Support
We offer a specially designed quote process to make insuring vehicles leased through a salary sacrifice scheme quick and easy. In addition, we deliver accurate motor insurance pricing using just four data fields (the driver’s date of birth and postcode, contract length and vehicle details). An in-house digital team will support the integration needs of our partners and ensure their integrations deliver a seamless online journey.
Peace of mind
We provide comprehensive cover which includes the following: business use for driver and spouse, European cover up to 60 days, premium fixed for lease period (unless adding a younger driver). Plus, we offer a dedicated admin support team and an in-house digital team to support the needs of our partners.
Comprehensive cover
Our policy provides wide ranging features and benefits including cover for social, domestic, pleasure and commuting (including use in connection with the driver’s business for the full lease period). Commuting and business use are included as standard for the main driver with business use for spouse on request.
Why we're different
Using our experience of the salary sacrifice market we’ve taken an innovative approach to insurance including developing our very own retail-based pricing service where each vehicle is priced individually.
Our approach aims to provide comprehensive tailored cover at a fixed cost for the term of the lease and ensure a seamless process which delivers an excellent experience for employers, employees and partners.
Want to know more?
All our partners receive support from our specialist account team with many years of expertise working with organisations offering salary sacrifice schemes. This support is backed by our friendly operational and proposition teams. If you’d like to know more about Lloyd Latchford or our insurance proposition we’d love to hear from you.
