Comprehensive Catering Vehicle Insurance: Protecting Your Mobile Culinary Business

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Catering Van Insurance

Introduction:

Are you in the business of delighting taste buds on wheels? Do you own a food truck, mobile catering van, ice cream truck, or catering delivery vehicle? If so, you understand the unique challenges that come with running a mobile culinary business. One essential aspect of ensuring your success and peace of mind is having the right insurance coverage in place. That’s where Quotax Insurance Services comes in. We specialise in providing tailored catering vehicle insurance solutions that protect your business and keep you on the move.

 

Expertise and Knowledge:

At Quotax Insurance Services, we take pride in our team’s extensive experience and deep understanding of the catering industry. We recognise the diverse risks and needs that catering businesses face on a daily basis. Our insurance experts possess specialised knowledge in catering vehicle insurance, food truck insurance, mobile catering van insurance, ice cream truck insurance, and catering delivery vehicle insurance. We understand the unique requirements and regulations specific to each type of culinary business, and we work closely with our clients to ensure their insurance needs are met.

 

Tailored Coverage Options:

We understand that every catering business is unique, and a one-size-fits-all insurance policy simply won’t cut it. That’s why we offer customisable coverage options to suit your specific needs. Whether you require commercial auto insurance for caterers, liability insurance for catering vehicles, or comprehensive coverage for your entire catering business, we have you covered. Our dedicated team will work closely with you to assess your risks, understand your operations, and provide personalised solutions that offer the protection you need.

 

Affordable and Competitive:

Running a catering business involves managing costs without compromising on quality. We understand the importance of affordability when it comes to insurance. At Quotax Insurance Services, we strive to provide catering vehicle insurance that is not only comprehensive but also cost-effective. We work with a wide network of insurance providers to offer you competitive insurance quotes for catering vehicles. Our team will help you navigate through the options, ensuring you get the best coverage at a price that fits your budget.

 

Superior Service:

At Quotax Insurance Services, we value our clients and prioritise exceptional customer service. We understand the importance of prompt and efficient assistance, especially during unexpected events or accidents. Our team is always ready to provide the support you need, whether it’s answering your insurance-related queries, assisting with claims, or updating your policy. We aim to build long-term relationships with our clients, providing ongoing support as your catering business evolves and grows.

 

Conclusion:

As a mobile culinary business owner, protecting your investment, assets, and reputation is crucial. Quotax Insurance Services specialises in catering vehicle insurance and understands the unique risks and challenges you face. With our expertise, knowledge, and tailored coverage options, we ensure that your catering business is well-protected. From food truck insurance to liability coverage and comprehensive policies, we offer affordable solutions to suit your needs. Contact us today to get a personalised insurance quote and experience the peace of mind that comes with knowing your catering business is covered.

Please call our team today for your Catering Insurance requirements or visit our Catering Insurance page.

0208 691 9691

Lorries parked in a row

Top 5 Facts about Lorries

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Are you a lorry driver, love lorries or are just plain interested in the facts about lorries? You have come to the right place. At Quotax we deal with all types of lorry insurance from horse boxes to HGVs, this means that over years we have come to know quite a few fun facts about lorries. And we’re here to share them with you. So keep reading to find out our top five facts about lorries, you’ll be surprised! If you have any facts you’d like to share – get in touch with us on our social media, we’d love to know what you have found over the years.

The word lorry was first used in English in 1838 referring to a luggage truck on a train.

Coming in at number one is this beauty. Did you know that? To explain a little more behind this

the word ‘truck’ actually comes from the Greek word for wheel: ‘Trochos’. It first appeared in the English language around 161
1 meaning small wheel or roller, specifically the sort mounted under cannons aboard warships.

The methane in the flatulence of one sheep could power a small lorry to go 25 miles a day.

Lorries parked in a row

5 facts about lorries

There is very much a lot of truth behind this one as a sheep’s digestive process produces methane gas, which can be burned as fuel (according to research in New Zealand). And this is why recently, lorries have been powered on diesel fuel made of lamb fat.

More than 80 per cent of all goods we consume are carried by UK-registered lorries.

Can you believe that? 80%? This explains why road delivery contributes £22.9 billion a year to the economy.

There are an estimated 285,000 lorry drivers in the UK.

This seems like a huge amount but despite a national recruitment drive by the Road Haulage Association, there continues to be a growing crisis with around 50 drivers leaving the occupation daily.

The amount of beer carried by UK lorries in a year would be enough to fill Wembley stadium.

Think of all that beer! That’s a truckload (pun intended). Without lorry drivers, most of our food, drinks and clothes wouldn’t be correctly transported within the UK. So to our lorry drivers – we thank you!

Why not call us today for a free classic lorry or truck insurance quote on 0208 691 9691. We will find the best insurance and requirements for the best price. Find out more about our services here.

Minibus driving on road in the sunshine

Why Hiring a Minibus is Ideal for a Staycation

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In more recent times, when people say they are going on holiday, they usually mean a staycation. In the last decade, more people have chosen to stay at home rather than delve further afield and travel abroad. And with the global pandemic, any planned holidays going abroad have most likely come to a halt, which is why a staycation within the UK has become so popular. We have great locations and brilliant places to visit here in the UK.

But the dilemma that comes along with holidaying within your own country is travel, you usually have to travel and make your own way there (and back) to the destination. But, one of the best things about going on a holiday from home is the fact that you don’t have to worry about travel once it is sorted, it’s in your hands – not an airline or a taxi. This is why booking a minibus is so convenient, it allows you to kick back and relax, rather than having to worry about your travel arrangements throughout your stay. Keep reading to find out why hiring a minibus really is the best choice when holidaying closer to home.

Why Minibus Hire?

Minibus driving on road in the sunshine

Minibuses and staycations

Do I actually need one you ask? Well, consider ease of travel, not having to squish your luggage into a small car, much-needed legroom and space. What’s different between a minibus and people carriers is that people carriers start at six or seven seats and finish at nine, whereas a minibus can usually seat from above nine to about 17 seats. So if you’re going away with a big group (including pets) why not hire the larger option – think about all that space! (Please bear in mind, due to recent governmental changes, if you’re travelling with people from different households, then there should only be a maximum of 6 people from different households.)

Also, when hiring a minibus because it is usually for group travel, sometimes a member of the group will be comfortable being the designated driver. But you can of course have the luxury of hiring a driver as well as the bus. There is so much freedom in this as everybody can put their feet up and take it easy for a change rather than worrying about travel! Hiring a driver will make you think ‘why haven’t I done this sooner?’. You’ll find that your entire trip will become much more enjoyable and much less stressful.

Another bonus is the reliability, hiring a minibus will help you to plan and customise your trip to your heart’s content, rather than having to stick to public transport schedules and possibly missing journeys along the way. Instead of planning your day around set times, you have the freedom of staying at the beach that extra hour, or grabbing food along the way. Whether you hire a driver for your stay or drive the minibus yourself you can do as much or as little as you like through your whole staycation. This can suit your group (big or small), as sometimes people have different ideas of what they want to do each day of the holiday. Allowing room for lateness, customisation and having the ability to go wherever you want – why wouldn’t you want to hire a minibus for your holiday within the UK?

Whether you’re enjoying a family trip or a holiday with friends. Here at Quotax, we will put you in direct contact with minibus hire insurance. We will find the best insurance and requirements for the best price.

Sueted Van

Case Study: Sueted

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At the time of writing this article, we are in the midst of a global pandemic. COVID-19 has changed everything – from how we socialise, to how we shop – and businesses have had to adjust accordingly. But will these changes be permanent? 

We spoke to the founder of fashion company Sueted, Dolapo Adeyemi, to find out her perspective as a forward-thinking business owner. 

Sueted takes the in-store shopping experience to customers’ doorsteps by providing mobile boutiques fitted with premium mobile fitting rooms at the point of delivery. The company launched before the Coronavirus pandemic hit the UK, back in September 2019; Dolapo talked us through the inspiration for the business, her predictions on how COVID-19 will affect people’s shopping habits, and why she chose Quotax to insure her unique vehicle.

Tell us about Sueted. What do you offer your clients and customers, and what makes you unique?

Sueted takes the in-store experience to customers’ doorsteps by providing mobile boutiques with premium fitting rooms at the point of delivery. Our instant return option eliminates our shoppers’ return journey and shrinks the retailer’s return window by up to 90%. Sueted is able to provide triple bottom line value (people, profit, planet) to retailers in 3 different ways:

Delivery
We deliver to shoppers’ homes or offices. They try on items in their order on the spot in our mobile boutique and we help by taking back any returns to the retailer.

Popup
By running pop-ups with Sueted, brands can now enjoy true omnichannel retail by having access to very flexible high-footfall areas while saving on the set-up costs

Ads and Window Displays
Retailers can advertise their brand on any of the 4 sides of the van and stores can set up creative mobile window displays on the go.

Where did the idea come from and when did the company launch? 

We wanted to provide an opportunity for retailers to offer a special experience to their customers by allowing customers to order clothing items, try them on and choose the ones they want. We designed our elaborate vehicle to be a unique, premium offering.

After creating and testing the vehicle, we launched in September 2019 and popped up in locations such as Westfield Stratford and other centres with high street stores. We are proud to say that things really took off and the brands we have been working with have had a great experience working with this concept. 

Who is your target audience? What benefits can you offer them?

Our target audience is retailers. We offer them convenience, a time-saving solution and we save them money.

Instead of having a courier van make a second journey to a customer’s home to pick up returns, the delivery journey doubles as the return journey, immediately reducing the potential carbon footprint by half and significantly reducing the cost of returns.  

Also, disputes as to the reasons for the customers returns are eliminated since the quality and appearance of an item is verified at the point of delivery and a customer cannot claim to have received a damaged item if they  happen to damage it in the process of handling it post-delivery.

On the customer side, they don’t have to worry about going to the post office or waiting at home to make a return; they can immediately return any unwanted item once it has been tried on in the Sueted vehicle.

The bottom line is that retailers are saving money by not throwing away damaged items which, in turn, is beneficial to the planet. 

This process also reduces the number of delivery vans polluting the

environment. We don’t want customers returning items they have worn. It’s wasteful and we want

to change that.

Has the business changed or evolved since it first launched? Have you been able to operate during the lockdown?

A lot of things have happened since we launched, and we unfortunately had to close operations as shopping in a small enclosed space isn’t something we have been able to market.

That’s a great shame. It does sound like your business model is ideal for shoppers who are social distancing though?

Yes, it is suitable for shoppers who are social distancing. We are trying to establish the safest way to

reopen, as we are exploring options to be able to sterilise the van in between customers, so that people may be comfortable knowing that they are stepping into a virus-free space.

Do you think people’s shopping habits will change drastically as a result of the COVID-19 pandemic? What impact do you think this will have on the fashion industry?

Yes, I think people’s shopping behaviours will change a lot. Many changes are happening in the fashion industry right now. With modelling shows all cancelled, brands are seeking more clarity on, and new ideas for, how they can present their collections to customers. We do see this as a positive change as the fashion industry can be very wasteful, especially when it comes to showing collections on runways. 

The pandemic has forced people to act, instead of just talking about these issues. A lot of things are going to change in the fashion world.

Sueted Van

Lady shopping in the Sueted Van

Shopping is sociable. As social distancing comes to an end, with our business model customers will be able to come to our Sueted vehicle with a friend, still social distancing. With Sueted, even online shopping can also be sociable.

For retailers who are purely online, the only point of contact they have with their customers is at the point of delivery and it isn’t properly managed. We see this as a missed opportunity, and something to turn into a positive experience for customers.

What does the future hold for Sueted? Have you considered how this model could be used for other products aside from clothing? If so, is that something you would consider?

We have actually had a few events with a tea company. They had a show in a square outside and they showcased their products and had samples available, which raised awareness of their brand.

Here at Sueted we are about delivering experiences.

When looking to have your vehicle insured, what did you feel was important to consider?

Our vehicle is very unique and unusual, and some people therefore gave us ridiculously high quotes and terms which we just couldn’t accept. Eventually we narrowed it down to a small handful and chose Quotax.

Sueted Van

Inside the Sueted Van

We were really lucky to find Quotax. 

How did you discover Quotax?

I think I found them online. Discovering Quotax really was a very lucky find.

Why did you decide to work with Quotax for your insurance cover?

Two things were a major factor for us: cost and responsiveness.

Every time we phoned Quotax we had someone to talk to, and it just felt right. With some of their competitors I was being put through to an off-shore call centre and felt pushed around. With Quotax it was a much more human interaction, which is what Sueted is all about!

Would you recommend Quotax for vehicle insurance? Tell us why.

I remember my first call to Quotax. It was at around 4pm. I’d forgotten that I had needed to cancel my insurance and suddenly found myself in a situation where I was unable to put my drivers on the road, which meant it was impossible to work. 

Quotax saved the day with their speed and responsiveness and their customer service was excellent. 

 

Are you looking for an insurance quote? No matter how weird and wonderful your vehicle may be, we are here to help. Get in touch with our team today for a competitive quote.

Important Information regarding our Deptford office

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In response to the government’s latest Social Distancing measures, we have taken the tough decision to no longer meet with our valued customers face to face. With this in mind, our office based on site at Ascott Cab Company, Blackhorse Road, Deptford will be temporarily closed.

Please rest assured, we have a comprehensive business continuity plan to ensure we continue to support you through these difficult times.

We want to reassure you we are very much still open for business and will work tirelessly to offer you the same professional advice and guidance during these uncertain times. Please feel free to contact us in all the normal ways;

  • Contacting us via phone: 0208 691 9691
  • You can send us documents to us via our business whatsapp on: 07853 411043
  • You can contact our administration team (and forward requested documents) via email on: admin@quotax.net
  • You can chat with our experts on our online chat facility on our website
  • You can request a call back on our website
  • If you have had a claim please contact our claims line on 0203 928 7337. If you would like to contact your insurer directly, a list of our insurers’ claims numbers can be found at www.quotax.net/how-to-claim/

We remain as always committed to the health and wellbeing of our employees and the people and communities we serve. We will continue to keep you informed using the best information and guidance available to us.

Important Information following the Covid-19 Pandemic

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The current Coronavirus outbreak has placed the Nation in an unimaginable and worrying time, with unprecedented pressures being placed on the NHS, businesses and individuals. The country is facing the prospect of extended restrictions to our movements; the dedicated NHS staff risk their own lives to save others on a daily basis. Whilst all this is happening it is having a huge impact on our clients and their livelihoods. Please be assured we are doing everything possible to support you during this time.

How Quotax is supporting our clients during this difficult period

In response to the government’s latest measures we have taken the decision to temporarily close our offices to protect both our staff and customers. Please rest assured we have a robust business continuity plan in operation which has enabled all of our team to work successfully from home and you are able to contact us in all the usual ways.

A number of our clients have called to discuss options to reduce their monthly outgoings at this difficult time. Please see below a list of frequently asked questions with answers that may give some guidance.

Your Questions answered

If I pay by Direct Debit can I defer my payment whilst the current crisis is ongoing?

If you pay by Direct Debit your Premium Funding will almost certainly have been arranged by Close Brothers Premium Finance. At Quotax we are able to make minor changes to your plan (we can sometimes alter a payment date by a few days). Any significant changes you require to make will need to be directed to Close Brothers Premium Finance. They can be contacted on 0333 321 8566, please quote your reference number when calling them, this can be found on the documentation that they sent you when the loan was arranged.

I paid my policy in full; can I now get my money back and pay monthly?

If you have already paid in full we are unable to now move you onto a monthly direct debit scheme mid term.

I am unable to make my Insurance payment what can I do

If you have an annual Insurance policy which is due for renewal and you are unable to meet that expense please talk to one of the Quotax Customer Service team about setting up a monthly plan with Close Brothers Premium Finance.

If you are already paying by Monthly Direct Debit and you are unable to make the next payment call the Quotax Team, they may be able to change the payment date, alternatively call Close Premium Funding on 0333 321 8566 and remember to have your reference number to hand.

I want to cancel my policy can I do this?

If you are taking your vehicle off the road you can cancel your Insurance Policy. Please remember that some charges are made when a policy is cancelled, therefore the return premium may not be exactly pro-rata to the time that you have had on cover. If any incident has been reported during the policy year the Insurer may decline to offer a refund. Please be aware that you may lose some of your No Claims Bonus if you have not completed a full year of Insurance cover. You must also declare your vehicle SORN if you are keeping it off the road and uninsured.

If you are paying your premium by Direct Debit (with Close Premium Finance) and you cancel your policy we will obtain a refund of premium from your insurer (subject to no claims having been made in the policy year). The refund will be calculated in accordance with your policy wording and terms of business. We will use this refund to offset the outstanding balance owed to Close Brothers Premium Finance. In some instances, the refund from the Insurer (please refer to your policy booklet for scale of return) may not be sufficient to settle the balance to the Premium Finance Company. If this is the case you will be responsible for the outstanding amount.

Before you decide to cancel your policy please carefully consider the following

All vehicles are required to be insured that are taxed. It is possible to declare your vehicle SORN as long as the vehicle is not on a public road; it is however a requirement that any vehicles kept on a public road must have minimum levels of cover.

It is also a Public and Private Hire licensing requirement with most Councils that your vehicle should be Insured for Hire and Reward for the duration of plate, please therefore check with your Licensing Authority or TFL before cancelling.

If you are paying for your vehicle on finance/lease or a similar scheme most finance providers stipulate that the vehicle must be insured comprehensively for the duration of the finance agreement, before deciding to cancel please check with you Finance provider

Are there any alternatives to cancelling my policy?

Some of our Insurers will give the option to reduce cover to Social Domestic and Pleasure only if you are not using the vehicle for Hire and Reward, please speak with your local Plating Council first as it is usually a requirement that the vehicle is covered for Hire and Reward whilst plated.

Can I freeze my Insurance?

Insurers have not traditionally allowed cover to be frozen or premium holidays to be taken.

Are you still able to offer a 24/7 claims service?

Yes – all of our providers have comprehensive business continuity plans in place which have been implemented, please contact our claims departments in the normal ways.

We have been working closely with our insurer panel to support our Taxi Driver clients whilst they look to diversify their activities in order to maintain some level of income during this difficult period.

We have negotiated the following extensions in cover with our Insurer Panel for the duration of the crisis and in the case of Antilo Insurance for one month only (this will be reviewed at the end of one month)

• Markerstudy, we can now confirm that, on a temporary basis during the Corona Virus crisis, policy cover is extended to cover all Taxi policies to deliver fast food, collection and delivery of prescriptions, food/grocery shopping and small parcel delivery. This extension of cover is provided completely free of charge.

• Haven Insurance, we can now confirm that, on a temporary basis during the Corona Virus crisis, policy cover is extended to cover all Taxi policies to deliver fast food, collection and delivery of prescriptions, food/grocery shopping and small parcel delivery. This extension of cover is provided completely free of charge.

• Antilo, we can now confirm that, for one month only during the Corona Virus crisis, policy cover is extended to cover all Taxi policies to deliver fast food, collection and delivery of prescriptions, food/grocery shopping and small parcel delivery. This extension of cover is provided completely free of charge.

• ERS, we can now confirm that, on a temporary basis during the Corona Virus crisis, policy cover for Taxis can be extended to cover journeys delivering fast food, collection and the delivery of prescriptions, food/grocery shopping and small parcel delivery. This extension of cover is provided completely free of charge. You will need to call our office in order for us to notify ERS that you intend to carry out this type of work so that they can endorse your policy to cover this.

• Allianz, we can now confirm that, we are able to extend cover for the Carriage of Goods.
. You will need to call our office in order for us to notify Allianz that you intend to carry out this type of work so that they can endorse your policy to cover this.

In all cases we must advise you that the goods that you will be transporting will NOT be insured but the journey itself will be. This means, if the goods transported are DAMAGED or LOST during transit, no cover will be in place.

Should you wish to insure the goods that you are transporting, please contact us and we will be able to quote for a separate “Goods in Transit” policy.

Finally

Please remember we are here to offer help and support to you. We can only make changes to your policy that the Insurer has agreed. The Insurers are reviewing what changes can be made to their policies regularly and the options may change. Our staff are working from home taking large volumes of calls so the wait times may be longer than you might ordinarily expect. Thank you for your understanding with this.

We hope that you and your families remain safe and well.

Kindest regards,

Daniel Fosker and all of the Quotax team.

Quota Ice Cream Van Insurance

5 Surprising Facts About Ice-Cream Vans

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The humble ice-cream van is a childhood staple for many of us and this tradition has fortunately lived on despite the ease in which frozen foods can be bought from supermarkets. But this wasn’t always the case. When mobile ice-cream vendors first hit the streets of the UK refrigeration was expensive and rare – meaning households relied on deliveries of chilled or frozen food.

When researching for this article, we were surprised to find that flavoured ice products are by no means a recent invention. As far back as the first century AD, Emperor Nero was reported to send runners to the nearby mountains to collect snow, then had it flavoured – in what can only be described as the first recorded slushie.

Yet, the concept of a portable store for frozen products didn’t surface until the mid-1800s. According to Honours Ice Cream, in 1850AD horse-drawn carriages could be seen selling ice-cream around the UK, captured in sketches and photographs of the time period.

So the first surprising fact about ice-cream vans is: they’ve been around for a lot longer than you think. But there are several more facts which will surprise you:

1. The first soft ice-cream was a complete accident

Today, Carvel is a well-known American ice-cream brand, but you might be surprised to know the company’s namesake, Tom Carvel, invented soft ice-cream by mistake. According to Wikipedia, Tom Carvel was seen selling ice-cream from his van as far back as 1929, but the concept of selling it in a soft form only emerged in 1934 – due to a flat tyre.

You see, Tom Carvel was selling ice-cream during memorial day – a day of remembrance for World War 1 – when his tyre went flat. Rather than let this get him down, Tom decided to sell the partially melted ice-cream from his truck. To his surprise, the customers actually preferred the softer texture and he sold out completely in just two days.

The concept was a hit and Carvel is still going today, more than 80 years on.

2. Ice-cream vans used to announce their presence by ringing a handbell

Today, ice-cream vans are likely to play catchy songs like the Teddy Bears Picnic or Greensleeves. But this hasn’t always been the case. According to the BBC, ice-cream vans used to announce their presence by ringing a handbell.

One crafty entrepreneur even took this one step further and covered his van in sleigh bells. The jingling sounds worked so well that he added them to the rest of his 12-strong fleet of vans.

For fans of psychology, you may think there’s something very Pavlovian about this…

3. The most popular ice-cream van song, Greensleeves, is a nod to Henry VIII

The most successful UK ice-cream van brand is Mr Whippy, which took inspiration from the success of Mister Softee in the US. Its founder, Dominic Facchino, was a big fan of Henry VIII who is (wrongly) credited with composing Greensleeves for Anne Boleyn.

Mr Facchino loved it so much, he made sure Greensleeves was played from all of the vans in his fleet, and the tune quickly became associated with the British summertime.

4. Up until 2013 there were strict regulations on ice-cream vans

Dominic Facchino will no doubt have been disappointed by the ‘Code of Practice on
Noise from Ice-Cream Van Chimes Etc.’ which was introduced in 1982 and limited chimes to 4-second bursts. Hardly the tribute to Henry VIII he wanted.

Fortunately for fans of ice-cream tunes, in 2013 the Government relaxed these regulations, tripling the time to 12 seconds and allowing the tunes to sound every two minutes rather than just three.

5. Quotax can insure your ice-cream van

Quotax offers free advice for anyone looking to insure their vehicle, and ice-cream vans aren’t the only unusual vehicle we can help with: horse-boxes, recovery vans, skip trucks and of course – our most popular service – taxis.

If you’ve got a vehicle you’re looking to insure, why not give us a call today on 020 8691 9691, or drop us an email over on our Contact Page. It won’t cost you anything to get a quote – you might be surprised by just how many things we insure!

fast food deliver driver knocking on customer's door

5 Things You Need to Know About Fast Food Delivery Insurance

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If you’re a delivery driver and in need of fast food delivery insurance, few insurance companies can offer you a better deal than Quotax.

We offer easy to afford cover for your vehicle where you require Comprehensive, Third Party Fire and Theft or Third Party Only.

Following a large number of calls into our office from drivers struggling to find any Insurer that would cover their car annually for both fast food delivery and everyday car use, we have managed to secure an exclusive scheme.

To discover more about what Quotax can offer you with our insurance, we have put together five things that you need to know about our delivery driver insurance!

Read more

Car insurance has become more expensive than ever before

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Motorists are now paying an average of £666 for their coverage, which is an all-time high.

According to research by Consumer Intelligence, premiums have elevated more than five times the current rate of inflation to 15.7%.

Almost half of the increase last year occurred in three months to May, and the premiums have increased by over a third since October 2013.

Consumer Intelligence blamed the rise on a cut to the discount rate on personal injury claims in March from 2.5% to -0.75%.

The rate is used to determine compensation payments handed to accident victims to consider the extra interest they could gain. The fact that it is now a negative rate means that there are higher pay outs for insurance companies, leading to inflated premiums for car owners.

The rise in Insurance Premium Tax to 12% from 10% last month will have taken its toll on drivers, which will add an estimated £13 to the policy if insurers pass the tax on to motorists, this is eventually expected to increase to 20% in line with VAT.

Over 50s insurance has seen the biggest increase of all with a 17.9% rise, but still pay the least of any age bracket (£418).

Drivers between 21 and 24 years of age pay the most for their policies with an average of £1,202 but saw a below average rise of 13.1%. According to Consumer Intelligence, this below average change is down to cost-reducing black boxes, with 62% of the policies for younger drivers use telematic technology.

Drivers living in London are still the highest paying area with an average of £1000, which is more than double Scotland and South West where the average price is £474.

Up until this year rates increases were fairly flat but since the start of 2017 we have seen substantial rises especially since the Insurers price the cost of Ogden rate rise into their premiums.

The Governments after facing a huge backlash from the Insurance industry had planned to review the rate increase but the general election and fallout from this now seems to have taken precedent.

Notice for Enterprise Insurance PLC policyholders

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Very Important

Please read the following it applies to all Enterprise Insurance PLC policyholders placed through Orbit Underwriting Limited.

 We have been informed that the Provisional Liquidator will be presenting his report and recommendations to the Supreme Court of Gibraltar at 10:00am on the 26th October 2016. The report will include the assets and liabilities attributable to Enterprise’s general insurance business and will recommend whether a Liquidator should be appointed.

The GFSC appointed Grant Thornton on the basis that the Directors of Enterprise had determined the company was insolvent. Fresh actuarial reviews and work undertaken to date indicate this to be indeed the case. Whilst the report has not been finalised, on the basis that Enterprise’s liabilities attributable to its general insurance business exceed its assets, the appointment of a Liquidator will be recommended. The Supreme Court of Gibraltar will determine whether the appointment coincides with the date of the hearing on the 26th October.

It is the intention of the Provisional Liquidator to disclaim all current and inforce contracts as onerous contracts and files notices of disclaimer with an effective date of the hearing to prevent the continued accrual of liabilities on an insolvent estate. Whilst the decision of the Court cannot be presupposed, a notice of disclaimer and the appointment of a Liquidator is the probable outcome. This means that all current and inforce contracts will immediately be disclaimed from the 26th October 2016 and clients will no longer hold a valid policy of insurance in the absence of arranging alternative cover from that date.

 The Financial Services Compensation Scheme (FSCS) have indicated that they will refund premiums to our clients that qualify directly and automatically. 

 We have been working tirelessly to inform, seek alternative cover and call all of our affected clients. We cannot emphasise how much we regret the unease and inconvenience that this has caused our clients and we are doing our upmost to assist you through this disruption.

Please also see the original notice

Notice for Enterprise Insurance PLC Policyholders