Early Termination Insurance

Electric Car Salary Sacrifice

Early termination protection

Early termination insurance (ETI) provides a safety net for employers engaged in electric car salary sacrifice schemes, covering scenarios like employee terminations and extended leave. This protection ensures that changes in employee circumstances don’t translate into financial liabilities for the employer.

Connect with us: Learn about EcoMute programme and our approach to mitigating early termination risks, by calling 020 8012 8190 or sending us an email.

Benefits of Choosing Early Termination Protection

Mitigate financial risks associated with unforeseen events like resignations, redundancies, or extended leave. Our EcoMute early termination charge (ETC) service eases early termination concerns, facilitating hassle-free vehicle returns without financial penalties for prematurely ending contracts.

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ESFA GUIDANCE

Are you an Academy Trust? Our EcoMute electric car salary sacrifice scheme for academy trusts, is designed with zero financial risk. Our innovative approach means our scheme doesn't require ESFA approval, ensuring a seamless implementation. Perfect for trusts aiming to support staff in transitioning to electric vehicles without the worry of financial liabilities or complex approval processes.

Managing risks

Mitigating financial liabilities

Our EcoMute early termination charge (ETC) service covers a wide range of circumstances, protecting your organisation and mitigating residual, remaining financial liabilities where early termination charges might typically apply.

Voluntary termnation
Resignation
Early termination protection mitigates financial risk when an employee resigns, covering the cost of remaining lease payments and avoiding sudden financial liabilities from unfulfilled lease agreements.
Conduct or Performance Exit
Dismissal
For dismissals, it safeguards against the costs of early termination due to conduct or performance, covering potential lease payments and maintaining financial stability despite workforce changes.
Employer-Initiated Exit
Redundancy
In cases of redundancy, this protection helps employers manage financial risks associated with early lease termination, ensuring that unexpected job cuts don't lead to additional, unplanned financial burdens.
Maternity & Paternity Cover
Parental Leave
During parental leave, it provides financial consistency by mitigating lease obligations, ensuring that employee absence doesn't translate into financial strain - aligned with the employer's own benefit-in-kind policies.
Extended Illness cover
Long Term Sickness
Offering financial protection against the unpredictability of long-term illness, mitigating lease liabilities during extended absences and aligning with the employer's own benefit-in-kind policies.
Lease liability cover
Future Payments
Protection against future lease payments secures employers against the financial implications of early termination, ensuring that commitments can be met without disrupting financial forecasts.

Early Termination Insurance

Early termination protection

Benefits of Choosing Early Termination Protection

ESFA GUIDANCE

Mitigating financial liabilities

Voluntary termnation

Conduct or Performance Exit

Employer-Initiated Exit

Maternity & Paternity Cover

Extended Illness cover

Lease liability cover

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