What does our Zero Risk Guarantee cover?
We make sure you don’t have to worry about any financial penalties incurred by employees terminating a lease early.
Day 1 protection
Immediate coverage for your business.
As soon as your employee takes delivery, we ensure that your business is never left out of pocket - regardless of how the lease is terminated.
Cost-neutral
Completely free optional bolt-on for companies.
We add a small fee onto the monthly lease cost for employees to cover the cost. In return, they receive cover for cosmetic body and alloy damage.
Address your CFO’s concerns
No financial surprises hitting your company’s books.
Finance teams and CFOs may worry about the potential risks of early terminations, Zero Risk Guarantee addresses those key concerns directly.
Quick payouts
Claims are paid within 10 days of being approved.
The process is simple and easy, avoiding the need for any debt collectors or the use of the small claims courts.
You're protected by the Zero Risk Guarantee.
Our Zero Risk Guarantee is marketing-leading, ensuring we cover businesses where others don’t.
Ask about Zero Risk Guarantee today
Get startedQuick & clean payouts.
No messy claims.
Guaranteed.
Payouts within 10 days. Easy claims process. All from Day 1.
Payout within 10 days
Simple to claim
We cover the difference
...all from Day 1
Maximise colleague retention
We view the EV salary sacrifice scheme as a commitment between business and employee - that’s why we include a "Commitment Fee" for employees if they choose to end a lease early. This typically equates to 1 month’s lease cost.
The Zero Risk Guarantee provides businesses with comprehensive protection, whilst ensuring colleagues remain accountable for situations they control.
This makes it mutually beneficial for both parties.
Download our explainer
Why not download our FREE explainer to find out more about Zero Risk Guarantee and how it can work for your business
Frequently asked questions
Our Zero Risk Guarantee has been designed from the ground up to cover your business from unexpected early termination fees. From resignation to redundancy, ZRG takes our already excellent Early Termination Protection and protects from Day 1.
Yes. Our Zero Risk Guarantee is entirely cost-neutral for employers. A small, negligible fee is added to the employee’s monthly lease price, ensuring your business gains complete protection without any financial burden.
Your company will need to opt-in and confirm the Zero Risk Guarantee is to cover all employees. We're unable to 'mix' the levels of cover, so your company will need to decide between Zero Risk Guarantee for everyone or our standard Early Termination Protection. You are free to opt-out of ZRG at any time.
The Zero Risk Guarantee reduces the deferment period for cover so that it kicks in from Day 1 (excl. parental leave which is covered from 3 months, rather than 6 months). This means your business is covered from Day 1 against some of the most common unforeseen reasons for a lease being terminated early: resignation, dismissal or redundancy.
As an existing client, you will need to get in touch with the loveelectric team to opt-in and add the Zero Risk Guarantee to all future orders. Unfortunately we're unable to backdate the Zero Risk Guarantee for any existing vehicles of your fleet.
Both our standard Early Termination Protection and Zero Risk Guarantee are only available to companies with an attrition rate below 15%. However, if your attrition rate is below 15% at the point of delivery, then your chosen level of cover is included for the duration of the lease term for that vehicle - regardless if the attrition rate exceeds the threshold. Only new orders and cars delivered from that point onwards wouldn't qualify.
Yes. Even though we add a small fee onto the monthly lease cost to ensure the Zero Risk Guarantee stays cost neutral for companies, employees also benefit. Included in every lease that's covered by the Zero Risk Guarantee, is a warranty for minor cosmetic damage to the body of the car, as well as alloy wheel damage.