In his Budget Speech today, the Chancellor of the Exchequer, George Osborne, has announced an increase in the rate of Insurance Premium Tax from 9.5% to 10%. The new rate will apply to all new policy premiums, renewals and any mid-term increases.
This uplift follows an increase from 6% which was applied from November 2015. It is unprecedented for this tax to be increased so dramatically over such a short period and this will affect domestic buyers of insurance and businesses alike. Please be assured that Insurance Services Surrey, with agency arrangements with over 40 insurers and through our partners in the Lloyds of London market, will continue to offer policies which offer good value and we are happy to discuss any concerns you may have.
The announcement by Talk Talk that customers’ data may have been compromised by a cyber-attack on 22nd October 2015 highlights the increasing number and audacity of such crimes. The Information Commissioner requires organisations to handle individuals’ data with an acceptable level of care and with safeguards against theft. Insurance against the legal liabilities to others and damage to own systems caused by such attacks have been around for a while, but are now entering the mainstream, with at least two major insurers now starting such cover for around £100.00, as an extension to a Commercial Combined, Directors’ and Officers’ Liability or Professional Indemnity policy. Where this is not appropriate, separate policies are also available from a number of providers.
Please call or email your usual Insurance Services Surrey representative who will be able to advise you on appropriate insurance solutions to protect your organisation and take time to review how your information is secured, both in the office and on laptops and ‘phones.
Well the day finally arrived and we are now Four Brave Shavers!
Despite protests from Simon, who constantly asked “can’t I just have a little trim” All the hair on our heads, apart from John’s beard has now been removed! Our thanks go to the staff at Maurices in Guildford, our new stylists; and of course to all our clients and friends for their generous support.
To date we have raised nearly £2,000 for Macmillan Cancer Support a fantastic cause, if you haven’t contributed yet our Just Giving page is https://www.justgiving.com/InsuranceServicesSurrey
Thank you once again from all at Insurance Services Surrey for your fabulous support!
The Chancellor of the Exchequer in his budget speech today announced that from November 2015 the standard rate of Insurance Premium Tax will be increased from 6% to 9.5%. The standard rate applies to all general insurance policies (household, motor and commercial), with the exception of personal travel insurance (currently levied at 17.5%).
Insurance Services Surrey will continue to ensure that cover offered to our clients remains appropriate, whilst at the same time monitoring insurer rates and competitiveness.
Insurance Services Surrey helps Macmillan Cancer Support
By “Braving the Shave” four employees of Insurance Services Surrey will be standing proudly alongside men and women with cancer and helping to raise money for Macmillan Cancer Support.
On the 23rd of July Peter, John, Simon and Rob will be having their heads shaved at a local barbers in Guildford in aid of this extremely worthwhile charity. For some of us this is not too arduous a challenge, as we are already follically-challenged! For one member of our brave team, Simon, this is certainly a leap into the unknown; he will however, save a fortune on hair products!
Sadly none of our female colleagues have accepted the challenge. Please follow us here for photographs and updates on our progress and should you feel inclined to join us and support this worthy cause our just giving link is https://www.justgiving.com/InsuranceServicesSurrey