Following the announcement on Monday evening (23rd March 2020) by the government that all non-essential retail businesses with premises should close their physical doors, we believe we should draw your attention to the Unoccupied clause that will be in all Commercial Insurance policies covering operating premises.
With flood warnings currently being issued in Kent, a lot more insurance customers are wondering about their flood cover.
Losing your business because of cashflow problems is traumatic. Losing your home as a result of personal guarantees being called in by the bank or finance company can be even worse, wrecking lives and relationships.
Here in the UK, it may feel that we don’t have the extremes of weather that some other countries around the world have. However, we do still suffer from storms, and storm damage is something that needs to be on our radar.
The phrase ‘high net worth’ often brings images to mind of lords and ladies, millionaire bankers and celebrities. But in fact, when it comes to high net worth insurance, it’s not just the super-rich who qualify.
It seems that there has been an unusual number of natural disasters in the last two years or so. Hurricane Maria hit the Caribbean in September, while an earthquake in Mexico killed more than 200 people. Hurricane Irma and Hurricane Harvey were also massively destructive in different areas of the US. In other parts of the world, floods and landslides in Sierra Leone and monsoon flooding in Bangladesh were particularly dangerous. Most recently, deadly wildfires have destroyed areas outside of Athens.
When it comes to insuring your own construction business, you need to make sure you’re covered from every angle. Accidents happen, mistakes are made, and in the world of construction they can be costly. Without insurance, accidents and mistakes could end up putting you out of business.
Home insurance is a very versatile type of cover, with a multitude of add-ons available to ensure you’re protected from a range of issues and problems. Home emergency cover, accidental damage, and even downloads insurance can all be added to home policies to provide robust protection. One home insurance add-on that many people tend to overlook is legal expenses cover. This type of cover can help ensure you’re covered if you need to go to court for any private legal reason.
A mixed-use property (residential and commercial) is technically classed as a commercial investment, which means it escapes the new tax changes that have affected residential buy-to-lets. Commercial yields also tend to be higher, with longer, more secure leases that guarantee a return for a fixed time.
