Laka is now providing last-mile delivery companies with tailored commercial rider cover.
Its commercial client list includes Randstad, EAV, Zapp, Urb-it, Jiffy, Dash, Foodstuff and Santis Global. “It has recognised that the same attributes that have made its consumer insurance proposition so compelling, are just as relevant for the commercial insurance market in general,” said a statement. “In fact, Laka is now uniquely positioned in being able to provide a comprehensive, versatile commercial insurance model (covering e-cargo bikes, delivery riders, EAVs and cycles), for all manner of commercial companies, both in the UK and across Europe.”
According to the Bicycle Association, approximately 2,000 cargo bikes were sold in the UK for commercial use in the past year, and a similar number were sold for use by families and individuals. Sales of bikes, which can carry heavy or bulky loads, are expected to jump by up to 60% in the UK over the next year, boosted by various initiatives at local and national levels to reduce carbon emissions and congestion.
This includes the government’s £250 million investment in walking and cycling infrastructure along with The Energy Saving Trust’s £2 million fund in England last year along with loans and grants in Scotland to help businesses and local authorities purchase cargo bikes.
Tobias Taupitz, Laka CEO, said: “We listened to cyclists to hone our consumer cycle insurance proposition and pioneered the concept of ‘collective insurance’, which has ensured a great deal as well as a great package of benefits for cyclists. For the commercial cycle and EAV market, we have followed the same process, taking time to listen to our business customers and tailoring our offering to best suit their requirements.
“As a result, we have quickly established ourselves as a major player in the tech-savvy ‘Last Mile’ sector and are already gaining significant traction in the commercial sector in general, providing an easily distinguishable, highly versatile and ultimately, highly cost-effective product.”
Sally Cleary, MD of Randstad Inhouse Services and Randstad Corporate Services, said: “Working in partnership with Laka is a perfect example of being able to offer our clients a solution above and beyond traditional HR services. We invested heavily in our tech stack and we could really see the value of Laka’s innovative approach.
“The collaboration provides policies to thousands of our workers in multiple locations across the UK, with users reporting fantastic experiences due to Laka’s knowledge, professionalism and responsiveness to claims. It’s a strong partnership that provides flexibility, reassurance and exemplary service – for both Randstad and our dedicated workforce.”
Adam Barmby, CEO and founder of EAV, added: “Partnering with Laka Insurance holds immense value for EAV by ensuring our vehicles are protected comprehensively. Our customers really appreciate the flexibility that Laka offers by being able to tailor its policies to suit the customers’ needs, specific to the commercial cargo vehicle sector.
“As part of EAV’s service, insurance is a key element alongside service and maintenance and leasing options, so it gives us great confidence that we can offer customers a complete vehicle package, as we expand with Laka across Europe.”