AXA warns against cutting insurance costs: Bus Claims and Car Insurance UK: Latest Events | |
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| Bus Claims -> Car Insurance UK: Latest Events -> AXA warns against cutting insurance costs | |
AXA warns against cutting insurance costsAXA Insurance, in association with the British Chambers of Commerce (BCC), has commissioned research which reveals that over 500,000 people are uninsured in their place of work. In addition, only 34% of businesses are aware of the legal necessity to cover their employees with employers’ liability insurance. From this sub-optimal starting point many businesses are also looking at reducing insurance as the recession continues to take its toll, with three in 20 contemplating reducing coverage and one in 20 having done it already. AXA has warned against this red herring saving scheme, pointing out that almost half (48%) of businesses have less than Ј10,000 of disposable cash rendering a business dangerously exposed, particularly as one in nine will make a claim in any given year. The news follows figures from the Motor Insurance Bureau (MIB) which reveals that one in ten young drivers are unaware of the need for insurance, and one in five are taking to the road without the required coverage. « Launches pet insurance price comparison | Aviva appoints head of UK life and business » Commercial Automotive Assurance EstimatesMany teenagers want to query about on-line transport insurance collision in Minneapolis or direct auto mobile assurance protection for ladies. The answer is simple: observe the post "AXA warns against cutting insurance costs" about car insurance uk: latest events and study the advices for skilled drivers from the best motorhome insurance dealers.
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