Zurich's UK Commercial business has launched employee-owned fleet insurance.
It has been created in response to the rising concerns about adequacy of cover, as businesses move from company car to employee ownership schemes.
The new scheme combines tax-related advantages of employee ownership with the security of "blanket cover", which needs only one certificate to cover any car in the fleet.
Zurich UK commercial distribution and marketing manager David Smith said that more companies were recognising the benefits of moving to employee ownership schemes.
"However many are reluctant to allow employees to arrange their own cover because of the increased administration this creates and fears that cover will be inadequate," he said.
"Our new scheme offers the benefits of private ownership and the peace of mind that a blanket cover policy provides."