A further rise in the rate of standard UK Insurance Premium Tax (IPT) was announced yesterday by the Chancellor Philip Hammond in his Autumn Statement. Effective 1st June 2017 the rate of IPT charged on most insurance premiums will increase to 12%.
Organisations and individuals faced a hike in IPT when the government increased the rate from 6% to 9.5% effective 1st Nov 2015. This was increased once more to 10%, which came into effect on the 1st Oct 2016.
The Insurance Act goes into effect on 12th August 2016 and affects all commercial insurance policies governed by UK law.
The Act is designed to shift the power imbalance from insurers to the insured.
The Act introduces a new ‘duty of fair presentation’, requiring insureds to capture more knowledge from more people in their organisations.
We at Access Insurance are committed to raising industry standards, promoting transparency and verifying that our clients have the cover they need for their organisations to thrive.
We will continue working hard to ensure that the Insurance Act has nothing but a positive effect on your insurance buying process.
The Insurance Act is designed to make it harder for insurers to wriggle out of paying claims.
Consultancy group Mactavish estimates that 45% of large or strategically significant commercial insurance claims are disputed. And, on average, these disputes take three years to resolve and result in only 60% of the amount claimed.
Are you involved in running a Patient Participation Group? If so, have you considered who might be sued if a member of the group was injured, or caused an injury to another party during the course of being engaged on PPG work?
There is little clarity currently available about Patient Participation Group Insurance. Unlike Local Healthwatch (LHW) organisations which are clearly identified as a ‘body corporate’ (ie a legal entity) which is a social enterprise, (source Napp) the PPG’s have not been given any formal legal framework. So many PPG’s may be expecting that their local surgery will provide an indemnity should there be an incident involving the PPG which gives rise to a legal liability. This may be the case if the surgery insurance has been extended to include the PPG.
If the PPG is properly constituted then they could well be classed as a separate legal entity. The surgery insurance may not extend to cover the PPG, especially if the PPG is carrying out activities away from the surgery premises. Some PPG’s may also represent a number of practices within the CCG – if this is so, it is unlikely that cover is in force under any one surgery insurance policy.
Patient Participation Group Insurance can be arranged on a bespoke basis. Where the PPG gives out advice there may be an exposure to professional negligence claims. The trustees, officers or decision makers can take out Trustee Indemnity Insurance to cover risks associated with “wrongful acts”, breach of duty or trust. Other PPG’s we insure carry out other activities like arranging walks, selling second-hand books, cakes and crafts. If you have any questions or feel you need to check if you need insurance cover for your group, please do not hesitate to contact us on 020 8651 7420.
Enter this Church Community Campaign competition to win £10,000 for your cause.
We are working with one of our main church insurers, Ansvar Insurance, to look for churches who have set up projects for the benefit of their local community. If you have got a project you want to talk about, tell them in up to 1,000 words and contact them before 5pm on May 31st 2016. This can be by email to firstname.lastname@example.org or in writing to Church Community Competition, Ansvar House, 31 St Leonards Road, Eastbourne, East Sussex, BN21 3UR.
As specialists in the charity insurance sector we constantly talk to prospective clients who are seeking to review the insurance requirements for their charity.
There are a plethora of companies purporting to be able to offer charity insurance so we had a quick look at the those appearing on the first page of Google for “Charity Insurance” to see who are our competitors and what type of advice our prospective clients might be receiving.
While not-for-profit organisations are working to help society, they are not immune to the danger of violence present in all workplaces. The risk of violence, either involving an outsider or between two employees, remains a serious safety and health issue – even in a not-for-profit organisation.
Identifying Your Risk
Although risk in not-for-profit organisations depends greatly on the type of activity being performed and cannot be easily generalised, characteristics of some activities in many not-for-profit and faith-based entities are particularly risky:
Being church on a Sunday, being church during the week and being church to the community is what Jubilee Community Church (JCC) Worthing is all about. Through their charity INC (Impacting Neighbourhoods and Communities) and other developments, they are impacting the community through key social action projects.
Whilst the weather has not been too harsh this winter, temperatures can drop to extremely low levels causing the pipes in your premises to freeze and sometimes even burst. This can lead to extensive damage to buildings and contents.
To avoid the damage and inconvenience caused by burst or frozen pipes, we have put together some basic tips that can be undertaken to reduce the risk of damage to your property this winter.
For more than 2000 years the Christian church has proclaimed a message about human freedom, dignity and equality. Its message is based on the belief that everyone is equal, but not everyone is the same – equality and diversity.
Equality and diversity rights are now protected in law, primarily by the Equality Act 2010. The law is complex and the Equality Act 2010 provides protection for a range of different characteristics: age; disability; gender reassignment; marriage and civil partnership; pregnancy and maternity; race; religion and belief; sex; and, sexual orientation.
‘Having a broker who is also a Christian makes a difference. We understand each other’: Pastor Joseph Aderibigbe
The pastor of a church in Fife, Scotland, identifies the significance of what Access Insurance offers as a specialist church insurance broker. Not only do they bring the many benefits of being a broker but the added understanding of what churches are doing and why. Having someone fight your corner is always reassuring but even more so when coupled with genuine interest and understanding for your purpose.
Like most church leaders, Pastor Joseph Aderibigbe is constantly busy caring for his congregation and reaching out to his local community. By using a church insurance broker, he saves considerable time, avoiding the work of contacting different insurance companies to obtain quotes and negotiate prices. Pastor Joseph Aderibigbe confirms, ‘It takes a lot of work from us as we’re not experienced. Access has the experience’.