The UK insurance business

Here and there we have used actual examples of policies from various companies who have kindly helped me in my researches.

These samples are for illustrative purposes only.

It is not my intention to recommend one particular policy rather than another. A final point: the rules and regulations about insurance change from time to time. The information here is correct up to the passing of the Finance Act 2016, and the various levels of premiums are those pertaining in March 2014 (see http://services.parliament.uk/bills/2012-13/financeno4.html)

The insurance business

The insurance industry is made up of three parts, those organizations which issue life and other policies, intermediaries who sell them and customers who take them out. Organizations issuing policies are made up of the assurance and insurance companies and/or friendly societies. All trade under a host of different names and trade both online and in bricks and mortar

Lloyds of London

By far the bulk of business is done by companies; friendly societies are permitted to issue only certain types of policy, while Lloyds offers a specialized service and does not deal directly with the public.

The chief intermediaries are: insurance brokers banks, accountants, building societies and solicitors.

A customer need not use an intermediary. Companies have their own websites, price comparison sites, sales forces and a customer can always write or call personally on a company to get a policy, but intermediaries have their uses, not least in offering a choice.


The UK insurance business

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: The insurance business - The insurance companies

Here and there we have used actual examples of policies from various companies who have kindly helped me in my researches.

These samples are for illustrative purposes only.

It is not my intention to recommend one particular policy rather than another. A final point: the rules and regulations about insurance change from time to time. The information here is correct up to the passing of the Finance Act 2016, and the various levels of premiums are those pertaining in March 2014 (see http://services.parliament.uk/bills/2012-13/financeno4.html)

The insurance businessThe insurance business - The insurance companies