Tag Archives: Insurance Act 2015

insurance premium tax IPT

Insurance Premium Tax (IPT) increases

On 1st June 2017, Insurance Premium Tax (IPT), a tax on general insurance premiums, will increase from 10% to 12%. The increase to the IPT will apply to all policies…

employment tribunal

Insurance Act 2015: How will the changes affect you?

UK insurance law is getting its first makeover in over a century. It’s time for change. And it’s a change we welcome. The Insurance Act 2015 comes into force on…

small business insurance act

Small Business: How will the Insurance Act affect claims

A client running a small butchery with a few locations around their town was transporting produce between their locations. Their policy included a warranty requiring the client to keep a…

insurance act maufacturing claims

Manufacturing: How the Insurance Act 2015 affects claims

A manufacturing client who specialised in the production of plastic bottles and containers had insurance covering their buildings and equipment. Within the terms of the policy covering their plant and…

insurance act fleet claims

Motor and Fleet: How the Insurance Act 2015 affects claims

A vehicle hire client with a policy covering their fleet of hire cars had a warranty in  their policy, that stated all hirers must present two forms of ID and…

business interruption insurance disaster

Property sector: How will the Insurance Act 2015 affect claims

A property owner with a rented commercial property was covered by a policy that included a warranty that there was a working and maintained burglar alarm on the premises. They…

Insurance Act before and after

The Insurance Act 2015– how will it affect you?

For the first time in over a century the UK insurance law has been overhauled to bring it up to date with the evolving business landscape and insurance industry requirements….