Changes Coming Soon
As you may be aware, we became part of the PIB Group on 30th December 2016 and we’ve been working hard on how we can improve our services to our clients. As part of these improvements, in September we will be re-branding our business as PIB Insurance Brokers.
Over the coming weeks you may see some brand changes. These won’t affect the way in which your policy is handled or the office or personnel you deal with. The only change you will see is that some of our products will be renamed from Thistle Insurance Services and will now operate under the name PIB Insurance Brokers.
If we are currently looking after your insurances we ...
Have you considered what this means to your and your business?
On Monday 27th February it was announced that the Ogden discount rate will be reduced from +2.5% to -0.75%. This presents a significant change in terms of how serious injury awards are calculated and will increase compensation payments that are awarded.
What is the Ogden Rate?
Fixed by the Lord Chancellor, the Ogden Rate is a Government set rate used to calculate the amount of compensation as a lump sum the court will award when a personal injury claim occurs for a life changing injury.
The discount rate takes into account age, gender, working life based on likely retirement age and for lifetime losses of the claimant.
Interest rates ...
How can you use cyber liability insurance to manage risks related to a data breach and reduce the significant costs that can result from them?
Following the recent ransomware attacks on the NHS as well as many other high profile companies in over 150 countries, the emphasis has been placed on risks that all businesses using computer systems now face.
A recent study of 3,000 companies in the UK, US and Germany revealed more than half (53%) of businesses in the three countries are ill-prepared to deal with cyber attacks.* Insurance has long been used by organisations as part of risk management and disaster recovery plans, however many businesses unintentionally assume that an attack will be covered by ...