AVIVA has launched a guide to help business owners understand more about the upcoming changes to the law regarding their business insurance, and outline what the introduction of the Insurance Act will mean to them.
The Insurance Act will provide a more up-to-date framework for commercial insurance in the UK. It will apply to all business insurance policies taken out, renewed or amended from August 12.
Aviva’s guide explains how the new law will focus on fairness, transparency and certainty governing the contracts between commercial customers and their insurers.
The guide seeks to set out some of the responsibilities of the business owner and explain what they need to do to comply with the Act, as well as outlining the way their broker and insurer will work with them to comply.
Angus Eaton, managing director of commercial lines at Aviva, said: “The Insurance Act is great news for business owners – and indeed the industry, because it will make insurance much more relevant to today’s world.
“In simple terms it encourages a closer relationship between insurer, broker and business owner to make sure everyone understands each other, can have faith in the information they share and, in the event of a claim, understand exactly how the insurance cover will work.”
The customer guide can be found at aviva.co.uk/yourbusiness
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