Author: Tom Wood | Date: 18/05/2017
Categories: General
The Chancellors 2016 autumn statement included an increase to the standard rate of insurance premium tax (IPT) from 10% to 12% on 1 June 2017. The Chancellor noted that the standard rate remains below the VAT rate so further increases may be anticipated in due course. This is a quick reminder of the change and the dates to remember when […]
Author: Tom Wood | Date: 17/05/2017
A cyber-attack that has hit 150 countries since Friday should be treated by governments around the world as a “wake-up call”, Microsoft says. It blamed governments for storing data on software vulnerabilities which could then be accessed by hackers. It says the latest virus exploits a flaw in Microsoft Windows identified by, and stolen from, US intelligence. There are fears […]
Author: Tom Wood | Date: 17/05/2017
Business interruption (BI) is a complex area of insurance, which requires a good level of understanding to achieve the right outcomes for customers. There are a number of key elements to consider when setting a gross profit sum insured which is defined as: Gross Profit = Sales – Production However, this is not correct for insurance purposes and Insurable Gross […]
Author: Tom Wood | Date: 15/05/2017
Categories: General
The Health and Safety Executive estimates one-third of all road accidents involve an at-work driver, which means it’s never been more important to ensure your vehicles are safe and your drivers are safety-conscious; options to help you manage your small fleet risks include: Telematics Simple smartphone apps are available for small fleets telling you where your vehicles are at any […]