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Let Flats

Are rented flats covered by the Buildings Insurance?Flats that are rented out by the leaseholder are covered by the Buildings Policy for damage arising from insured events in the same way as owner

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Insurance Premium Tax Increase

The standard rate of Insurance Premium Tax (IPT) will increase from 10% to 12% with effect from June 2017 Who will be affected? The increase affects the standard rate of IPT, increasing it from 10%

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The Ogden Rate

The Discount Rate In February, the Ministry of Justice amended how insurance companies calculated the compensation paid to injured parties. Last assessed in 2001, when interest rates were higher,

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The General Data Protection Regulation (GDPR), how will it affect you?

I have read and heard something about this GDPR, it sounds as though it is bad news and we may not be able to do business without major changes. Is that true? Over the recent months there has

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A Hard Market

Brokers and Insurers are increasingly referring to a hard market in relation to insurance premiums and cover. Not specific to property insurance, its simply defined as a reduction in choice

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A Fair Presentation of Risk

In placing a building insurance policy, the information required by insurers is evolving. This information, often referred to as material facts determines aspects including premium, excess and

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Insurer Response to Modern Methods of Construction – The Issues

Building Insurance The Insurance Act of 2015 clarified how a policy should be underwritten and set out the remedies of failure to do so. In order to help avoid an insurer refusing a claim on the

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Premium Increases - Why the UK Insurance market is hardening

Prior to the COVID-19 pandemic, a number of factors were impacting the market conditions facing the industry. Add to that the uncertainty the pandemic has brought, and its no surprise that were

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Terrorism Insurance

What is Terrorism Insurance? It was introduced in the early 1990s when the Government decided to no longer cover the cost of Terrorist incidents from the national revenue and formed a joint

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Directors and Officers Insurance

What is Directors and Officers Insurance? Directors and Officers of management companies or residents associations of blocks of flats (who are usually unpaid volunteers) regularly make decisions

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