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Thanks to all these old people deciding to stay in work till they fall over the cost of business insurance is set to increase year on year.

The aging workforce will have an effect on many of the costs affecting businesses including the cost of their fleet insurance. According to Punter Southall Health and Protection Consulting for every year that the average age of the workforce rises, insurance will increase by between 7-10%.

It is estimated that two million people will be in work beyond 65 by 2022 which is more than double what it is now at 870,000. Other insurances will also be affected with income protection rising by an estimated 20% if it extends from 65 – 70!

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There seems to be a move back to company cars from cash for car alternatives. A few years ago when the Government changed the way the benefit in kind tax was calculated to a CO2 based system there was a big move to cash for car alternatives. Drivers liked the idea of driving a 3 year old BMW rather than a new Ford Mondeo but BMW’s are Read more »

Here’s an interesting piece of information if you are a young driver or you know someone who is a young driver looking to reduce their ridiculous insurance costs. Auto Express found a way for young drivers to shave hundreds of pounds off their insurance cost by switching to a provider that takes the years of having a provisional licence into Read more »

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With reports that insurance costs are continually rising and teenage insurance now said to average £4,000 per annum it seems that car makers are likely to wade in and fight the fight. Ford has announced a new service that will handle accident management claims. By cutting out injury lawyer referral fees it says its customers could soon be enjoying Read more »

Whilst I hear many a complaint in the pubs and bars about the fact that you aren’t charged the half percent bank base rate interest when you take a loan or HP, most people understand the reason why. If lenders were to charge half a percent interest they would soon go bust as that wouldn’t cover the cost of the documents let alone all the other costs Read more »

The net is closing in on those that don’t insure their cars. The new rules that have just come into force enables the DVLA to clamp your car and even scrap it if you have no insurance on it. The new rules, entitled Continuous Insurance Enforcement extends the powers of the DVLA beyond issuing driving licences and vehicle registration documents to Read more »

I’m all for making roads safer, especially when we are talking about making roads safer for children but sometimes I thing we go a little too far when it comes to health and safety when actions seem to be taken for the sake of taking them. Some of my favourite country fetes have been stopped from taking place because, thanks to health and safety, the insurance costs would be more than they raised for their local Read more »