Flood Policy Springs Upon An Increase

Here in the UK it seems to rain a lot – you may remember in April 2012, when 121.8mm of rain fell making it the wettest April in over 100 years. All this rain can lead to flooding. You should consider the risk of flooding to your premises and what precautions you can take to prevent it.

The UK regions hit by the winter floods are set to benefit from an extra £700m to boost flood defences, after the chancellor announced another rise in insurance premium tax and earmarked the cash raised to flood-damaged towns.

George Osborne said he would hike the standard rate of IPT by half a percentage point to 10%, and use the proceeds to top up a fund designed to prevent repeats of the carnage that afflicted communities in the north of England and Scotland over the winter. It is the second time in recent months the chancellor has increased IPT. In November it was hiked from 6% to 9.5%. (more…)

Safety In Spring: As The Clocks Spring Forward, Thieves Follow Suit

Lawnmowers and ladders targeted as garden crime rises by 25% when clocks go forward. Green-fingered homeowners are being warned to secure their sheds and garages as the long-awaited British Summertime also brings a spike in theft from the great outdoors.

Analysis of 10 years of claims data from Aviva reveals that thefts from gardens and outbuildings shoot up by over a quarter (25%)* when the clocks go forward with the average haul totalling around £850.

Children’s toys, bikes and garden tools – from the swankiest lawnmower to the basic rake – are the thieves favourite:

Garden equipment stolen each year on average:

  • 42% of thefts involve power tools, like electric drills, planers and saws
  • 39% involve tools like spades, shovels, rakes and forks
  • 19% involve electric and petrol lawnmowers, chainsaws and ladders

Statistics show that thefts from outside the home start to increase as evenings get lighter at the beginning of March with a 10% increase compared to the dark nights of January. (more…)

Stealth Tax Should Prompt Rethink On Business Insurance

Businesses should examine their insurance policies carefully in the light of higher Insurance Premium Tax (IPT) announced in the Budget, Burgess Hill brokers Bennett Christmas said today.

On Wednesday, the Chancellor said the levy charged on most commercial and household policies would go up by 0.5% to 10%.

The tax hike follows a 3.5 percentage point rise in the IPT last year.

“But that’s unlikely to be the end of it,” said Mark Bennett, CEO of Bennett Christmas Insurance Brokers. “The IPT has already gone up once in the past six months and while this increase is less than was widely anticipated, the direction of travel is clear. (more…)

Protect Your Investment When Presenting At An Exhibition

Businesses invest a considerable amount of time and money into making sure the impression they broadcast at an industry exhibition is a good one. When presenting at a trade, food or industry show, businesses display not only their wares and services, but also their prominence and success. Because a lot is at stake by exposing themselves to industry leaders and potential customers, businesses try to make sure everything goes smoothly at their exhibitions. However, everything does not always go smoothly. There are always risks to be avoided, and exhibitions in particular come with many hazards.
At first glance, exhibitions may seem relatively safe—the venue is stationary, space is clearly delineated and the crowds are comprised of orderly professionals. But upon closer inspection, exhibitions reveal themselves to be a bit more complicated—the constant flow of people, the cramped space and the makeshift stands are all substantial risks. (more…)

How To Lower Your Motor Insurance Premiums

Motor insurance is a legal necessity, but it can be expensive. Although the rates for motor insurance premiums continue to tumble, the trend cannot last forever.
Even though rates are falling now, they could rise later. To stay ahead of the curve, consider adopting certain strategies to lower your motor premiums. There are many ways to lower your motor insurance premium—and keep it low—such as the following: (more…)