Important Changes To Employers Liability Certificate Rules

The law is changing. With effect from April 2012 every employer will be required to register details of their Employers Liability insurance on the Employers Liability Database.

Similar to the Motor Insurance Database, the Employers Liability Database will form a centralised database of Employers Liability information which will contain details of all new and renewed Employers Liability insurance policies, old Employers Liability policies that have new claims made against them and all successful traces from the current ABI Tracing Service.

The database will be available searched by employees and other interested parties to identify the appropriate Employers Liability insurer in the event of a claim. The records will be registered on the Employers Liability Database against the firms Employer PAYE Reference. Read More

Important Changes To Insurance Premium Tax

The Government is to change the standard rate of Insurance Premium Tax (IPT) from 5% to 6% with effect from 4th January 2011. The rate of IPT will be applied on all policies as follows:-

if the policy incepts or renews prior to 4th January 2011 AND your instructions reach us BY 10 am on 31st December 2010 enabling us to process the premium on our system prior to 4th January 2011, then a rate of 5% IPT applies;

if the policy incepts or renews prior to 4th January 2011 AND your instructions reach us AFTER 10 am on 31st December 2010 the premium will be processed on our system on or after to 4th January 2011, therefore a rate of 6% IPT applies (this will include policies that are on a hold covered extension, or policies that are off cover but which we agree to then reinstate from the original renewal date); Read More

The Professional Excellence Awards!

PI Expert is launching the Professional Excellence Awards in an effort to highlight the importance of good service in any industry. Each month they will target a different business sector and ask them to nominate people that they have come in to contact with at work who have given them excellent service.

This month PI Expert is asking architects and interior designers who it is that makes their day a bit easier and which company gives them the best service. To nominate a company for good service, just email and tell us who has given good service and why by 1st June 2011. Read More