T he UK leaving the European Union is quite a big thing for many Insurance Companies and Brokers (as well as other Financial companies such as Banks and investment firms) both in the UK and in Europe. Thousands of companies across the 28 members of the EU and Norway, have what are called passporting rights, which…
Misstep in the right direction Chris learns a valuable lesson when a customer left a stray item of stock on the floor. Chris loved the countryside. The hustle and bustle of city life never appealed to him but he didn’t mind a quicker pace of life every once in a while. The truth was that he…
So the EU referendum debate is over and finished – or is it? Failed politicians have thrown themselves onto their swords while others have been thrown onto them by former colleagues. A lot of people have been left deeply uninspired by the debate whilst convoluted negotiations in Brussels continue. The In/Out referendum was conducted…
I’ve mentioned the insurance Act 2015 a couple of times now and on 12th August 2016 it finally becomes law. Many Insurance Brokers and Insurance Companies have already tried to increase their compliance to meet the new standards but when your insurance policies fall due for renewal after this date be prepared potentially for a…
I was shopping around for Public Liability insurance and several companies asked me a lot more questions than before, some of them were quite sensitive. Why are they doing this? In most instances they are likely to be trying to best assist you and supplying adequate cover for your needs (not always the same as…
It was recently reported in the Insurance Times that recent research by the Financial Conduct Authority (FCA)based on the experience of 100 SME’s (Small and Medium Enterprises – which are companies with under 250 employees or less than £40m turnover) who have suffered material damage claims over £5,000 has shown a high level of dissatisfaction…
I have been refused insurance cover and the reason I was given was “dual insurance”, what does this mean and what can I do about it? Dual insurance (sometimes called double insurance) is when someone (or a company) has two policies in force that cover the same risk at the same time. While this is…
When Cordelia Summers was five years young, a Sunday wasn’t a Sunday if she didn’t get to spend time with her beloved Nanna. The two of them were practically inseparable. One weekend Nanna taught a mesmerised Cordelia about sewing. She was fascinated by the thought of fixing bits of clothing and wondering what she might…
Don’t give your insurer an excuse to avoid paying out if anything ever goes wrong. Get your insurance right from the word go by avoiding these 5 mistakes… Stating your occupation incorrectly If you’re a caterer you’d probably tell your insurance broker that’s your occupation. But are there any other aspects to your business aside…
A new government a new budget, for the first time in four years insurance has been addressed both good and bad! The good was an announcement that the regulation of claims management firms will be subject to a major review. The bad, is that Insurance Premium Tax (IPT) will be increasing from 6% to 9.5%…