Author: P F Spare

Insurance Premium Tax Increase 2017

What is Insurance Premium Tax (IPT)? IPT is a tax imposed by HMRC on general (both personal and commercial) insurance premiums. Prior to 1 June 2017 there were two rates of IPT. The first of these was a standard rate of 10% which applied to general insurances (such as motor, buildings and contents and commercial… Read more »

Ogden Rate Change – The Implications

It was announced earlier this year that the Ogden discount rate has been reduced from 2.5% to -0.75%, and the change is now in full effect but just what does this mean for you and your insurance premium. This is one of the most significant changes facing the insurance industry in some time and will… Read more »

One year on: Health and Safety Sentencing Guidelines

With time flying by for the first couple of months of 2017 then our regular updates have had to take somewhat of a back seat. However, we recently came across an article from our friends at Allianz outlining how stricter sentencing guidelines introduced last year under the Health and Safety at Work Act introduced tougher… Read more »

Anyone Home?

With many shoppers awash with bargain purchases from Black Friday and the festive season now upon us, our local police force, Leicestershire Police, have issued a timely guide as to how to protect your home and belongings from burglars. Keep doors and windows locked at all times- even if you pop outside to the garden… Read more »

Small Tool Theft on the Increase

There has been a rise of nearly two thirds, year to date, of the theft of small tools. This is in sharp contrast to the progress made with larger plant theft, with the latest Plant & Agricultural National Intelligence Unit (PANIU) report stating that overall machinery theft is down by 57% since its peak in… Read more »

Insurer warns of Vehicle Cloning Risk

Allianz, one of the insurers whose car insurance policies are available through P F Spare Insurance Brokers, has issued a warning that it is recording a rising number of enquiries from policyholders receiving parking tickets for vehicles at locations they’ve never visited. When reviewing CCTV footage, it shows a vehicle without signage which is not… Read more »

P F Spare Insurance Brokers’ Director wins another National Award

Press Release For immediate release: 5 October 2016 P F Spare Insurance Brokers’ Director wins another National Award P F Spare Insurance Brokers(1) are pleased to announce that Sam Spare, Company Director, has been awarded The Worshipful Company of Insurers (Diploma in Insurance) National Prize. This prestigious award is given annually to the candidate who… Read more »

Avoiding a Wardobe Malfunction

Allianz’s research into the nation’s wardrobe contents highlights just how important home insurance can be for you. The contents of your wardrobes are worth an eye-watering £38.5 billion according to the insurer’s ‘Britain’s cost of a wardrobe’ report. The report looked at the nation’s shopping habits and found that the average wardrobe is worth £769…. Read more »

Save Money through Risk Prevention

AXA research has revealed that investing in preventative measures to mitigate risks to people’s homes and cars could save UK households £209 a year – an aggregate total of £5.6 billion. Collectively motorists can save £4.96 billion and home owners £620.20 million per year by investing in risk prevention to further protect their vehicles and… Read more »