It’s thought that a shocking 80% of commercial properties in the UK are underinsured. If you are in that 80% and the worst were to happen, then your insurance would not cover the cost of rebuilding it, putting you at significant financial risk. That is why it is essential to carry out a regular rebuild
A Contractors’ insurance policy provides peace of mind for your construction business and designed to protect you from claims made for injury or damage to employees, sub-contractors, members of the public, property damage, projects (also known as contract works), theft of tools, equipment or plant (both owned by you or hired in) and legal disputes.
On today’s interview, we’re excited to be chatting with Tristram Ashforth. Tristram started out in a very different industry but was spotted when he completed some DIY on his first property purchase. After 8 years in carpentry, he set up his own development and construction business which he now runs successfully. Don’t forget to subscribe
What Landlords Need To Know About The New Electrical Safety Rules The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 became law on June 1st 2020, but agents and landlords were given until 1st April 2021 to comply. With the impending date looming over us, we thought we’d write a guide that
In a nutshell, a Contractors policy; also known as a ‘Contractors All Risks’ or ‘Contractors Combined’; is a one-stop, fully comprehensive insurance policy that combines various covers under one policy, for one single insurance premium. So, what insurance do I actually need as a Contractor? You will need Public Liability for starters, then depending on
An update on business insurance claims No one could have imagined as they popped open a bottle of bubbly at midnight on 31st December 2019, that the months following would bring major changes to the entire world! With individuals at risk of being infected by a transmissible and deadly virus, and many businesses shut down
With 10% of landlords planning to expand their portfolios and benefit from the Chancellor’s stamp duty holiday, Brexit looming on the imminent horizon and stamp duty surcharge set for a review in April! There are a number of key dates for 2021 that Landlords should be aware of; 1 January 2021 – Brexit: Whilst COVID-19
The government is asking consumers, the general public and hospitality and tourism businesses to help it in the efforts to stamp out further infections and localised outbreaks by providing basic information to be used as part of its COVID-19 contact tracing scheme. Whilst the government has not made this mandatory as yet, we have seen
If you are in debt or had previous insolvency, the effect on your insurance cover may not be top of your agenda, but it is important to be aware of any implications that a formal debt solution may have on any insurance policies you have. Why your debt matters to insurers Whenever someone is the
A staggering 1 in 7 property owners in the UK leaves their abode empty for more than one month at a time. It is crucial to ensure that your insurance policy carries the right level of cover for unoccupied property. Do you know how long you’re allowed to leave a property unoccupied before you risk invalidating your insurance cover? Your existing
