Recent comments
The private sector - including those in possession of business insurance - should be given encouragement to create more jobs.

So claims David Kern, chief economist for the British Chambers of Commerce, who asserts that by removing red tape the government can help small and medium-sized firms to create a greater number of job opportunities.

"The government must do everything in its power to encourage job creation in the private sector. Reducing the significant regulatory burden would encourage small and medium-sized businesses to create more jobs," he states, comments that business insurance policyholders may wish to be aware of.

Speaking following the release of labour market figures from the Office for National Statistics, he claims that despite a rise in employment rates "there is no room for complacency", particularly as long-term unemployment has increased over the past three months.

Business insurance customers may want to bear in mind previous comments from Mr Kern that the impact of government spending cuts could mean unemployment numbers reach 2.65 million before the middle of next year

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While recently released British Crime Survey (BCS) statistics suggest that crime has stabilised and in some cases even declined, it would be wise for vehicle owners to remain alert regarding vehicle security. Incidences of vandalism, theft and burglary are still high enough to be of concern.

Based on the 2008/09 BCS, vehicle related theft figures have remained stable. This has been largely attributed to the fact that newer cars are harder to steal. Over 90% of all vehicle-owning households surveyed reported that their primary vehicle had central locking, while 67% reported that it had an alarm. Of all the cars and vans reported stolen during this period, only 64% had central locking and 40% had an alarm. 

Since 2007 the Home Office has collected data about instances of vehicle theft occurring during burglaries. These are generally referred to as ‘car key’ burglaries. Overall, 7% of home burglaries in the latest survey involved the theft of a vehicle, compared to 6% as reported in the previous report released in 2007/08. Car keys were stolen in 9% of burglaries, even if the vehicle wasn’t taken at the same time.  

Between 2007/08 and 2008/09 a decrease in the number of vehicle related offences was recorded by the police. The report revealed that motor vehicle theft declined by 14%. The most common types of car theft involve forced ignition, vehicles being towed and thieves using car keys to gain access to the vehicle.


Aftermarket security systems are increasingly used to discourage opportunistic thieves from forcing the ignition of a car. Hot-wiring used to be one of the most common methods of stealing cars, but due to increasingly sophisticated immobiliser systems this method is only occasionally successful.

Another common method of vehicle theft is towing, or even pushing, the vehicle away. Some thieves will hitch cars to a tow truck under the guise of law enforcement. Others will simply push the car away after forcing entry. While alarms, immobilisers and security locks can make it much harder for cars to be stolen, criminals are known to break into houses just to steal vehicle keys.

Extra security devices can lower car insurance premiums, as protected vehicles pose a lower risk. In addition such vehicles are less likely to be stolen, and therefore less likely to result in the inconvenience of a claim.

About Prudential Insurance

Prudential is a leading UK provider of affordable car insurance policies. Their motor insurance policies offer protection against fire, theft and third party claims. Visit http://www.pru.co.uk/insurance_protection/car_insurance/ for more information or a free car insurance quote today.

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Theincidence of insurance fraud in the UK is alarmingly high. An estimated£5.2 million worth of fraudulent insurance claims are processed and approved onany given day. These undetected financial losses have caused the average UK insurancepolicy premium to rise by £44 per month.

TheAssociation of British Insurers (ABI) has revealed that one in five peoplewould still consider submitting a fraudulent insurance claim despite the dangerof being caught. Getting caught could result in a criminal record and strugglingto obtain financial services access in the future. When the number of adultsthat own an insurance policy is taken into account, the magnitude of theproblem becomes clearly visible. According to the ABI, more than 90% of Britishadults use at least one insurance product.

Arecent insurance study reveals that up to 36,000 parents in the UKlist their children as spouses on their car insurancepolicies. This decreases their premiums, yet can effectively be prosecuted asfraud. TCF Corporate, a UKfraud solutions company, states that opportunistic retail fraud is the mostcommon type of fraud. This means that individuals exaggerate actual claims toincrease their payouts.

‘Crashfor cash’ – the practice of causing an accident in order to claim for money –is a fairy new phenomenon, but already creating quite a problem for UK insurers. A‘crash for cash’ scam typically involves two parties staging an accident inorder to claim from their insurance providers. Centenery Way in Manchesterhas been highlighted as the UK’shotspot for these types of schemes. The M65 in Lancashireis another known hotspot for this type of scam.

Accordingto UK insurance specialist Direct Line, the claims of these scams total around£350 million every year and play a huge part in the increase of honest drivers’car insurance premiums.

AboutPrudential Insurance

Prudential is a leading UK provider of affordable carinsurance. Their motor insurance policiesoffer comprehensive protection or protection against fire, theft andthird party claims. Visit http://www.pru.co.uk/insurance_protection/car_insurance/ for more information or a free car insurance quote today.

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