{"id":1124,"date":"2016-06-26T12:32:51","date_gmt":"2016-06-26T12:32:51","guid":{"rendered":"https:\/\/www.networkportfolio.co.uk\/mcclarroninsurance.com\/?p=1124"},"modified":"2019-06-26T13:41:18","modified_gmt":"2019-06-26T13:41:18","slug":"happy-insurance-awareness-day","status":"publish","type":"post","link":"https:\/\/www.networkportfolio.co.uk\/mcclarroninsurance.com\/news\/happy-insurance-awareness-day\/","title":{"rendered":"Happy Insurance Awareness Day. What&#8217;s to celebrate?"},"content":{"rendered":"<p>\u201cInsurance\u201d is a term which fills few with excitement, so why is there a whole day dedicated to its awareness?<\/p>\n<p>Insurance is one of those essentials that many people begrudge arranging but are incredibly grateful for when they need it. That is essentially why it exists. Not to cause you a headache, but to relieve one in the future. It is constantly behind the scenes, supporting businesses, picking up pieces and offering escape routes. It has been around for hundreds of years and still makes up a significant portion of the UK Economy. So in a yearly calendar which dedicates an entire day to donuts, taking the 28<sup>th<\/sup> June to recognise the importance of insurance seems acceptable.<\/p>\n<p>On Insurance Awareness Day, McClarrons remind us of why insurance deserves our attention:<\/p>\n<p><strong>There are some things you can\u2019t put a price on<br \/>\n<\/strong><em>\u201cThe safety of fans is always our highest priority\u201d &#8211; <\/em>These were the words Ed Woodward, Manchester United\u2019s executive vice-chariman after a bomb-scare forced the cancellation of a match against Bournemouth at Old Trafford. Police confirmed that a mobile phone with wires attached found in a toilet cubicle was a training device accidentally left behind after an exercise. After refunding fans tickets, the incident cost \u00a33million.<\/p>\n<p><strong>It makes financial sense, even when it doesn\u2019t seem to<br \/>\n<\/strong>Why did Rowan Atkinson\u2019s insurance provider not simply write-off his McLaren F1 car, when the repair bills were over quarter of a million pounds more than the purchase price?<\/p>\n<p>Atkinson\u2019s insurers gave the go-ahead on the \u00a3910,000 bill on a car bought for \u00a3640,000 in 1997. But as one of just 64 road-going formula one cars built by McLarens, an immaculate model of these much sought-after cars is said to now worth \u00a33.5million.<\/p>\n<p><strong>It goes back a fair way<br \/>\n<\/strong>Fire Insurance was the first form of insurance to receive corporate status, and in 1681, the first fire insurance company, the Fire Office was established in London by Dr Nicholas Barbon. However marine insurance goes back further to 1500. By 1574, there were 30 affirmed insurance brokers in London. There are now over 3000 across the UK.<\/p>\n<p><strong>It ranks highly in UK success<br \/>\n<\/strong>The UK Insurance industry is the largest in Europe and the third largest in the world. In contributed almost \u00a312bn to the country\u2019s economy in 2016 and employs over 300,000 people.<\/p>\n<p><strong>It\u2019s always adapting<br \/>\n<\/strong>Cyber Insurance has recently come into the spotlight but has actually been around for 10 years, and new policies have been emerging to protect the interests of e-cigarette retailers. \u00a0It\u2019s anticipated that the emergence of driverless cars is going to be one of the insurance markets\u2019 biggest challenges yet.<\/p>\n<p>On Insurance Awareness day and every other day, McClarrons are happy to talk about insurance, address concerns, and give you clarity on the kind of issues that may impact you and your protection. Email enquiries@networkportfolio.co.uk\/mcclarroninsurance.com or call us 01653 697055.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cInsurance\u201d is a term which fills few with excitement, so why is there a whole day dedicated to its awareness? Insurance is one of those essentials that many people begrudge arranging but are incredibly grateful for when they need it. That is essentially why it exists. Not to cause you a headache, but to relieve [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[10,142,143,144,145],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Happy Insurance Awareness Day. What&#039;s to Celebrate?<\/title>\n<meta name=\"description\" content=\"Read McClarrons&#039; latest insurance industry insights. 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