Cyber Insurance may not be top of your list of insurances, but with 5 of our clients being hit in the last 12 months and with losses exceeding 100k, I thought I would go back over CYBER Insurance and how it can protect your business.
Firstly, do you have use an IT company who are your 1st line of defence for cyber-attacks? If you do, great, as your IT company will put in place Firewalls, Anti-Virus, Gate Way screening and End user education etc. If you don’t get one!
As you may know from April 1st 2018 the Government announced it had extended the licensing of HMOs to include all properties that has 5 or more people in two or more households, as opposed to previously where this only related to properties that were more than three storeys tall. Read More
We recently received a call from a management company to arrange a property portfolio insurance for one of their clients.
With a substantial property portfolio, it can be difficult to manage the insurance cover for each of your properties especially when the portfolio manager has insured them individually, with each property having a slightly different renewal date. Read More
Most people will have contents insurance, whether it is included as part of a building and contents policy or standalone. Many of them, however, have not considered whether the coverage provided is sufficient to replace all their home contents nor are they aware of any exclusions for certain items. If you own specific items of value, they may not be covered under a standard home contents insurance policy, or the total insurance coverage may not be enough to replace these items on top of the rest of your contents. Read More
The reasons for getting a performance car can vary, whether it’s because you enjoy the feeling of power behind the wheel, the admiration of others, or whether you’re a bit of a collector in this regard. Whatever your reasons though, insuring performance cars can often be expensive. Read More
There are plenty of property developers out there who go it alone, by this we mean they are the ones who go out there and source the property or land and then they are the ones that take on the build of the, development instead of sourcing it out to a building contractor.
When this is the case the Property Developer’s insurance must be correct to make sure the whole risk is insured. Read More
We insured a well-known celebrity recently for a high net worth Buildings and Contents insurance. The celebrity was referred into us and was previously insuring on a comparison site. A comparison site is no place for a High Net worth client, as there is no way they can be advised on all the endorsements that can catch them out, on what is known as a standard wording policy. Read More
Property Developer Case study:
The latest project insured last week by Goldcrest Insurance was property developer insurance for a property developer who had purchased a 5 million commercial property in London. Read More
In any building development you will need to consider the following insurances:
Existing structure cover– If you have a premises which you decide to develop you will need to cover the existing property even if it’s just the front façade being left as this will not be included in any other insurances. This is the cover that the bank/lender will normally request This cover is normally basic (i.e. restricted to fire, lightning, earthquake/explosion, aircraft & subsidence)is because of the ongoing works. A more comprehensive cover can often be applied to include malicious damage and escape of water, however restrictions will apply. Read More
Getting the correct HMO Insurance cover is more essential now than it has ever been before when taking out insurance for an HMO property. There are so many cheap options to buy online that look great but are littered with endorsements which will not insure you properly at point of claim. Read More