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Driving You Mad!

Let’s talk about motor insurance.

Along with Employers Liability Insurance (yes I know I bang on about it) Motor insurance for damage or injury to other people (Third Party Cover) is the only other compulsory insurance in the UK at the moment.

Some businesses have to have certain insurances to trade, but these are stipulated by regulatory bodies, not by statute law.

Let’s talk about COVER!

You will all be familiar with TPO – Third Party Only cover, which just about covers the legal requirement, then TPFT – Third Party Fire & Theft and Finally Comp – Comprehensive cover which covers damage to your own vehicle as well.

In truth nowadays TPO, TPFT are pretty defunct and almost all cover is Comprehensive. The main reason is that the biggest claims are the TP claims for injury, and Theft and Own Damage don’t add too much to the insurance cost.

Let’s talk about who can DRIVE!

Driving can be Insured Only, Insured & Spouse, Plus Other Named Drivers, then Any Driver, sometimes with an age stipulation, Over 21, 25 or 30. These restrictions often apply to sports models, or expensive vehicles. If imposed voluntarily they can reduce the premium.

Finally Let’s talk about USE!

This can be:

  • Social Domestic & Pleasure Only, then you can add Commuting to and from work.
  • Once you add Business Use by the insured in person, it becomes CLASS 1
  • Then adding business of the employer or partner, it become CLASS 2
  • Then adding commercial travelling it becomes CLASS 3
  • For commercial Vehicle you can add Carriage of your own Goods
  • Carriage of good for hire or reward – General Haulage
  • Privet Hire for taxis and the like.
  • Motor Traders get cover for Any Vehicle in their Care, Custody or Control

So that’s Motor Insurance in a nutshell.

If you have any questions just message me here

Have a great week 😎


Busy Day Today

Busy Day Today!

Mondays are always busy, as we have a round of meetings first thing to set up our working week.

We cover everything that is important, so we all know exactly what we are doing, whose responsible for what and what needs to be done.

We set an agenda and follow it through, it includes:

  • Diary Check
  • Strategic Management Matters
  • Renewal work
  • Claims status
  • Financial Matters – Aged debtors
  • AOB

Everyone gets to participate and everyone’s input and opinions are considered, discussed and addressed.

By the end of the meeting I know I can leave all my colleagues to get on and do the necessary work for the week to be a success.

If they need me (wherever I am) they know my door is open or I’m only a phone call away.

This week I will personally be dealing with:

  1. An importer and reseller of kitchen and bathroom fittings
  2.  The fleet of a local bakery, with multiple shops
  3. Statutory Inspections for a plant and seed business in Paignton
  4. The combined solution for an international packaging company, specialising in retail bags
  5. And Private Medical Insurance for an accountancy practice

Have a great and busy week, the alternative is not attractive 😀😀

BIBA 2023

BIBA 2023 Manchester Central

As a proud member of The British Insurance Brokers Association for over 40 years, and now as a board member, I can say without any hesitation that the BIBA conference in May each year, bringing brokers and insurers together in one place for three days, is one of the best and most productive weeks of the year.

This year the theme is “Rising to the Challenge” The BIBA Conference 2023 | The British Insurance Brokers’ Association

If you have annual arrangements you wish to arrange or renew, doing it at the BIBA conference each year is probably the most effective way. The range of providers present and more importantly decision makers, all in one place make for an excellent conference.

Add to that the line up of keynote speakers and sessions each year, bring everyone up to date with what’s new and emerging as well as all the legal and regulatory matters that will affect our businesses going forward over the next 3 – 5 years. If you are an insurance professional #biba2023 is the place to be.

It’s also nice to be in the middle of something which has been in planning for the last 12 months, leading directly from the manifesto which is published in January each year. In 2023 we are #managingrisk & #deliveryingstability.

Looking forward to meeting friends old and new and securing services that will directly benefit our clients going forward.

Have a great week, I know I will.