Specialist Property Owners Insurances

property owners insurance

There are a number of insurance products designed to suit the needs of property owners for both commercial and residential properties; this includes factories, warehouses, blocks of flats, holiday lets and buy-to-let properties to name just a few.

Our team of specialists can cater for different types of property owners, from management agents to private individuals, or financial institutions and residential associations of which each policy will be specifically tailored to suit your business insurance needs.

We have access to specially negotiated rates which are highly competitive both in terms of premiums and cover. Our ethos is to provide the highest level of customer care whether arranging a policy or dealing with a claim. Our expertise enables us to establish the demands and needs of a property owner and satisfy them with the appropriate policy.

Some of the key policy sections are described below.

We have outlined some of the covers available to a property owner subject to your individual requirements. The benefits of having the appropriate cover are not normally realised until a claim occurs. For example, the indemnity period for the loss of rent cover is essential depending on the type of property you wish to insure. Standard policies offer a 12 months indemnity period, this may not be sufficient to reinstate a building that has suffered a total loss. We are constantly monitoring properties that have suffered from a total loss and the timescales of reinstatement.

Material Damage - this covers, amongst other things, loss or damage to the property caused by fire, lightning and

earthquake, to riot and civil commotion, and damage by storm and flooding. This section can be extended to cover against accidental damage; this is known as "All-Risks" cover.

Listed below are some of the key features and benefits that are standard in the insurance policies we recommend:

Automatic cover up to £2,000,000 for newly acquired or erected properties, with up to £500,000 for alterations and improvements
Loss of metered water, gas or electricity up to £25,000
Up to £2,500 for replacements locks, should keys be lost during theft or attempted theft
Cost of fees incurred following a loss, i.e. architects, surveyors, legal and consulting engineers

Money & Assault - this covers the loss of money belonging to your business and bodily injury to you and

your employees, as a result of assault and even attempted assault, whilst carrying money belonging to the business.

Glass - this policy section covers the breakage of all internal and external glass at the insured premises, including

sanitary fittings and damage to windows or door frames up to a figure of £1,000. Please note that the glass section of our insurance policies exclude damage caused by workmen effecting repairs or alterations and breakage of glass during un-occupancy periods.

Business Interruption - this covers a shortfall in rental income following an insured loss under the Material Damage section.

Cover includes, as a standard:

Continuing expenses incurred despite a reduction in rental income
Additional expenses incurred in preventing or reducing a drop in rental income
Accountants fees incurred in production of information
Loss of or reduction in income caused by accidental damage of public services

Employers Liability - this section will cover you against any legal liabilities for bodily injury to your employees up to

a limit of indemnity of £10,000,000. Some significant features of this section include worldwide cover for employees who normally work in the UK and cover for any work experience students or government scheme trainees.

Property Owners Liability - this covers against your legal liabilities for personal injury to third parties and loss or damage to their property.

This also includes cover for obstruction, trespass, nuisance, interference, wrongful arrest and eviction in respect to said third parties.

Property Owners Legal Protection - this covers legal costs arising out of specified civil and criminal incidents involving the business, including

property protection, residential repossession, residential tenant default, commercial lease protection, legal defence, contract disputes and debt recovery.

Directors & Officers Liability - this covers the duties you perform as a director, officer or

trustee and cover includes protection against losses and defence costs arising from wrongful acts of a director.