It has been suggested that swapping from a car to a motorbike will make sense financially, something that is on the minds of many people at the moment.
The PR man from AA Insurance commented that many people are switching to smaller vehicles already, driven by both financial and environmental motives. Taking the step to a motorcycle helps in both these areas even more than a smaller car. He noted that they are easy to park, economical to run and also cheaper to insure.
There are currently just over 1.2 million motorbikes registered in the UK, though perhaps that figure is going to rise based on what the man from AA Insurance has to say.
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A new policy has been launched by Direct Line that is designed especially for small pubs and restaurants. Cover is included for theft, accidental damage, as well as GBP2 million public liability as well as GBP10 million employers liability cover.
Customers taking out the cover for their businesses can also add on options for their personal premises too, with Direct Line incorporating that into the overall protection. The insurer is aware of the specific issues facing owners and operators of places like these and has created this policy to deal with such factors.
The public and employer liability are key elements of this insurance policy said Direct Line, since pubs and restaurants are prone to such things happening so the policy is structured to ensure sufficient protection is in place.
Zurich Insurance has named Theo Bouts the new Chief Operating Officer of Global Life, an arm of the Zurich group.
Mr Bouts is currently the CEO of the Zurich Insurance unit dealing with direct European business and partnerships, a role he will give up on 1 August to take up his new position. Having been with Zurich for only three years Mr Bouts has already taken a couple of key roles within the organisation, being seen as a key player in senior management.
His existing role is seen as critical to maintaining and developing a strong multi channel distribution policy, something Zurich Insurance do not want to lose. For this reason Mr Bouts will take a little time to fully hand over the reins of his existing role until a suitable successor is found.
