Harry Franks, Sten Saar and Stuart Kelly/Zego
Insurtech unicorn Zego launches business van insurance
The tailored solution for van drivers sits alongside a range of delivery, business and courier insurance products
Motor insurer Zego is expanding its product range to business van insurance.
Catering specifically to businesses relying on vans for operations, but not deliveries, Zego has sold more than 3,000 policies since its initial release at the end of 2023.
The new product builds on its van courier insurance, but is instead designed to address the specific insurance requirements of businesses where vans are a “fundamental aspect of their day-to-day work”.
“We are thrilled to officially introduce our Business Van Insurance product, which reflects our continued dedication to providing tailored solutions for van drivers,” Zego CEO Sten Saar said.
“This product, like all of our insurance solutions, is a testament to Zego's commitment to innovation and to meeting the evolving needs of a growing range of customers."
The fintech said the product expansion is a “sign of things to come” for 2024, including a range of further product launches as the company grows and moves towards profitability.
Zego, which became the UK’s first insurtech unicorn in 2021 when it raised a $150m Series C funding round, has so far provided more than 40 million policies to drivers, riders and businesses and insured more than 400,000 vehicles.