Monday 4 July 2016
How the new Insurance Act affects you?

The most significant change to insurance contract law in this country for over 100 years comes into force on 12 August 2016 and it fundamentally changes the way business insurance will be underwritten.

Insurance law has been weighted heavily in favour of the insurer, the Insurance Act 2015 changes the law for businesses, in the same way that the Consumer Insurance (Disclosure and Representations) Act 2012 changed the law for consumers.

Key areas that will be changed by the Act are:

1. Disclosure

2. Remedies

3. Warranties

4. Fraudulent Claims

We have created a guide to help you understand a bit more about the Insurance Act 2015. Click below to get access to the guide now.

We will be in touch to discuss your insurance requirements in good time before your renewal date, in the meantime you should start to think about how the changes will affect you, such as what information you may need to disclose, who holds this information within your business and how you might capture it.

If you are unsure as to how the Insurance Act may impact on your organisation or would just like to know more then please get in touch with us on 01924 871111.