July 2022 The government has recently revealed its proposal to tackle the increasing number of empty properties on the UK’s high streets. As part of the proposed Levelling Up and Regeneration Bill, local authorities may be granted the power to enforce rental auctions on privately owned, empty properties on high streets and in town centres.
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
Commercial property insurance can be confusing at first. There’s the property owner, the tenant, the lease agreement, and sometimes even a managing agent or insurance broker involved too. But at the end of the day, there is truly only one overseer and responsible party when it comes to arranging building insurance for commercial property. It is
Property Underinsurance and ‘The Average Clause’ The primary purpose of property insurance is to provide a safehold when you sustain a loss that you simply cannot afford. However, at Glowsure we often see clients whose property is 70-80% underinsured. A previous client’s property was underinsured by over £1 million. A 2019 report by rebuildcostassessment.com found
Japanese Knotweed – a knotty problem for property owners and insurance cover On a bright, sunny day in late March, you step out into your garden. You breathe in the fresh air, take note of the tulips that are finally starting to blossom, the sun’s glare warm and tranquil. You take note of some small,
Over the last 12 months, it is likely you have experienced a significant increase in your insurance renewal, whether it’s a personal or commercial insurance policy. In this blog we dive into the reasons why this is happening. Soft and Hard Markets – The Insurance Market Cycle The insurance industry is cyclical, going through periods
Did you know that the Road Traffic Act could apply to forklift trucks even if you’re using it on private land? If you own, manage, lease, or use a forklift truck in connection with your business you may believe that your existing commercial insurance policy will cover you in the event of an accident involving
According to an article in the Telegraph, an estimated 11 million people use price comparison websites to shop for their insurance1. It’s hardly surprising, as we seem to be bombarded by entertaining and heart-warming ads about cute little animals. And at face value, they look like an effective way of doing your market research to
During a construction project many things can go wrong, from clients refusing to pay to theft or vandalism of expensive plant equipment. Your experience of managing building projects will help you deal with problems as they crop up but some risks are outside your control as a building contractor. Risks that can dent your profit,
With the deadline just around the corner, we all need to be on top of the GDPR changes and what they mean for our businesses. We’ve put together 3 key facts about GDPR to help you prepare for the upcoming change in the law. What rights does GDPR give an individual and how does this
