InsuranceInspect Services: Reducing Your Corporate Insurance Premiums, Substantially. Safely. Strategically.

As an industry that understands how to prepare for major losses, the insurance sector hasn't been completely blindsided by the effects of the COVID-19 pandemic. However, it's clear that fundamental changes are happening to both Insurers and their customers.

Many organisations are drastically restructuring their businesses for the "new normal", requiring a fundamental re-think of whether some insurances are worthwhile at all. As cash flows dwindle, the business case for purchasing large amounts of insurance with large upfront premiums becomes more difficult.

Moreover, the Insurance Premium Tax (IPT) – payable on top of premiums - while still stable at 12%, is a prime target for the government to increase, to pay for the various Coronavirus business support schemes.

Full Press Release: https://pressat.co.uk/releases/insuranceinspect-services-reducing-your-corporate-insurance-premiums-substantially-safely-strategically-afef67febe56b2ec04a05f910acf296a/