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Government quietly introduce insurance increased costs

When governments declare budgets, usually in March or April they trumpet the important bits and somehow manage to slip through all kinds of tiny changes that affect people at a later date.

One of those ‘tiny changes’ introduced by the government as at 22 May 2017 was an increase in Insurance Premium Tax, which has now gone to 12% from 1 June 2017.

For example, if your public liability insurance premium is £1000 it will now be £1120.

Doesn’t seem like much but have you heard of the Ogden discount rate, I certainly haven’t but the Chancellor reduced that rate from 2.5% to 0.75% and when I investigated what this actually meant it is all about a subsidy to the insurance underwriters.  Without going into too much detail the net increase in premium rates from June 2017 will now be effectively 4.2% plus the extra tax.

Tracey McCreath at La Playa has given us as much notice as possible on this and is already searching for an alternative underwriter and will negotiate the best possible deal she can on behalf of AFO members.

Who knows, after 8 June it could get better or indeed worse.  Be warned!  Watch this space!

Steve Heap, General Secretary, AFO
May 2017

AFO: 26th May 2017 11:03:00


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19th March 2018

Come Join The Chorus

It is with great sadness that I have to say, having heard from our friends at Chippenham Festival, that Ted Poole, organiser, folk enthusiast, MC, great chorus singer, trade unionist and all round good and kind man has passed away. Ted, with his wife Ivy, had been running folk clubs and music events in and around Swindon for about fifty years. A great supporter of local musicians, singer/songwriters and always gave great encouragement to young, up and coming artists. He will be sorely missed in the music business and particularly in the Wiltshire music scene. As Bob Berry of Chippenham Festival said, 'One In A Million'.
19th March 2018

International Women's Day 2018 - Important News

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8th March 2018

Industry Green Survey 2017 Reveals Uk Events Getting Smart With Power & Travel

A major shift in the way UK festivals approached energy management and travel planning in 2017 has been revealed in the third annual Festival & Events Industry Green Survey.
7th March 2018

AFO Partners

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APS Accountancy

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ID and C Bands

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La Playa are award-winning expert insurance brokers specialising in Arts & Events. Long-standing supporters of AFO, La Playa run the AFO insurance Scheme, offering exclusive discounted rates for AFO members. For expert ad...

LSL Solicitors

Award-winning specialist solicitors for your festival or event,   LSL offer advice in most areas of law including Alcohol & Entertainment licensing, Contracts, Environment and Safety. Jon Payne is a long...

Stand Out Magazine

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