Tag: Commercial Insurance

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 »

Noise Induced Hearing Loss (NIHL): Managing Risk

Allianz Commercial reports that hearing loss, caused by exposure to noise at work, continues to be a significant occupational disease with around 170,000 people in the UK thought to suffer from deafness, tinnitus or other ear conditions as a result. Manufacturing is one of the worst affected industry sectors. Mark Pearce, casualty risk control technical… Read more »

Broker Power and P F Spare: The Best of Both for your Small Business Insurance

P F Spare Insurance Brokers are pleased to have been accepted as one of a select number of insurance brokers hand-picked to be part of the Broker Power commercial business insurance website. This means that businesses throughout Derbyshire, Leicestershire, Staffordshire and Warwickshire can benefit from the convenience of 24/7 online price comparison and purchase with… Read more »

The Insurance Act 2015: An Overview

If you own or run a business you may already have some awareness of the Insurance Act 2015 but do you understand what this might mean for you? The Insurance Act 2015 aims to benefit both insurers and their business customers by increasing transparency and certainty over the rules that govern how they do business… Read more »