Author: Tom Wood | Date: 28/09/2016
Categories: General
Following the budget earlier in the year it was announced the standard rate of Insurance Premium Tax (IPT) will increase from the 1st October 2016 to 10%. This is in line with the increase to 9.5% last year and any policy incepting or renewing on or after 1st October 2016 will be subject to the new standard rate of IPT. […]
Author: Tom Wood | Date: 15/09/2016
Professional indemnity claims are many and varied. As a professional it’s vital that you have adequate professional indemnity insurance in place-here are some examples of things that can go wrong: ERRORS An advertising consultant added the wrong telephone number in an ad. This resulted in a reduction in sales, the resultant income and a poor image of the brand. The […]
Author: Tom Wood | Date: 13/09/2016
Categories: General
If you are thinking of buying an insurance policy for something you do not know much about, or insuring something out of the ordinary, you should think about using an Insurance Broker. Even for run of the mill insurance requirements, many policies vary and it is important to get the best cover available at a competitive price. Insurance comparison sites […]
Author: Tom Wood | Date: 12/09/2016
Buyers of commercial insurance should be aware of the Insurance Act 2015 which affects all business insurance subject to the law of England, Scotland, Wales or Northern Ireland arranged or amended after 12 August 2016. The change in law updates the legal framework to be more appropriate for modern business requirements. The key new requirement that businesses need to be […]