Latest From The Blog

21 09, 2020

Be careful where you leave your Wheelie Bin


Careful where you leave your Wheelie Bin! Every household will have one – a wheelie bin. Every week we go through the motions of separating our food wastes, plastic recyclables and garden wastes from normal household waste. After our wheelie bins are jam packed and left on the street to be collected by a refuse collector, we hope that our bin won’t be missed or left because, “the lid couldn’t close.” If you have a wheelie bin, you will no doubt harboured these thoughts many times, but have you ever considered your occupiers liability? So the bins are out the night before (if you are organised) & or first thing in the morning, and you run out the door, coffee in hand to join the daily commute! Nothing to worry about, your bin is emptied, and you return home on a dark & wet winters evening & get straight [...]

Be careful where you leave your Wheelie Bin2020-09-21T12:20:18+00:00
14 09, 2020

Will it be twice as bad?


Will it be twice as bad? Experts have warned that the current crisis from the Pandemic could result in twice as many redundancies as there were in 2008 - 2009 as a result of the Global Financial Crisis! A survey carried out by the British Medical Association  (BMA), found that 80% of 500 GPs and hospital consultants  surveyed believed a second wave is "likely" or "very likely" to happen. That will mean a lot of people out of work and a lot of negative consequences as a result. When people are out are of work, inevitably all roads lead back to some sort of effect on the housing market. Tenants can no longer afford to make their rental payments,  home owners can fall short on their monthly mortgage payments and risk losing their homes. These two scenarios played out heavily during the 2008 financial crisis, and when this happens [...]

Will it be twice as bad?2020-09-14T13:12:38+00:00
20 08, 2020

Good News for Home Buyers?


Stamp Duty Relief When purchasing a property you must pay Stamp Duty Land Tax (SDLT) if that property (or land) is over a certain price. The higher the price, then the SDLT increases incrementally. However, the government in a bid to kick start the housing market has changed the levels that stamp duty must be paid. Essentially, taking many people out of actually paying stamp duty at all until the purchase is over £500,000 in England & Northern Ireland. Scotland & Wales have changed their rules too.In Scotland, it has now been changed to up to £250,000 (known as Land and Buildings Transaction Tax). Wales have taken a slightly different approach and have increased the nil-rate band from £180,000 to £250,000 (known as Land Transaction Tax), but only for main residence purchases & not second homes – not very good news for buy to let investors in Wales!Any way you [...]

Good News for Home Buyers?2020-08-25T11:12:36+00:00
18 08, 2020

What should I be concerned about if there is a second lockdown?


Business Insurance Lockdown Concerns It seems very likely there will be second wave of coronavirus in the not too distant future. Whether or not that brings a second lockdown on the same scale as the one we saw in March remains to be seen. People will no doubt be concerned from a health perspective, but what about from a business perspective for business insurance in Northern Ireland? Being a business owner there will no doubt be even more uncertain times ahead. One thing that will be needing some clarity is the Business Interruption Insurance coverage some insurers have provided for on their policy wordings. You may or not be aware, the FCA is involved in a test case to see if there can be much needed clarity brought to coverage under a business insurance policy & more specifically, the Business Interruption insurance afforded under them. The main aim of [...]

What should I be concerned about if there is a second lockdown?2020-08-18T09:57:28+00:00
11 08, 2020

Do I needs Directors and Officers Cover?


Directors and Officers Insurance Directors and Officers Insurance, do I really need it? When the topic of Directors and Officers Insurance is raised, this is the most common question. Well, it depends. You may be a limited company and as director of that limited company, stick to procedure and do everything to the best of your abilities. But that doesn’t mean errors will not occur. Insurance has always been about peace of mind. When asking, “Do I need D&O Insurance?” It should be looked at in the context of the potential liability of loss you could face. This is why many Directors take out a Directors and Officers Insurance policy. One thing that truly answers that question for most Directors and Officers is that your personal assets could be at risk. A frightening thought, but it is a fact. Being a Director or Officer has the potential to be [...]

Do I needs Directors and Officers Cover?2020-08-11T10:32:30+00:00
31 07, 2020

Should I take out Legal Expenses Insurance?


Legal Expenses Insurance Being a landlord you should be automatically covered under a landlord policy for the standard risks such as Fire, Subsidence, theft, flood and so on. However, being a landlord you may well feel that you are exposed to other risks that you may not necessarily been exposed to before. This is why you should consider taking out legal expenses insurance. You may be able to take out a legal expenses policy as an extra on your current landlord’s policy or if that’s not available, you can take out a standalone legal expenses insurance policy. So, what does it cover you for? Being a landlord you are now exposed to events you had never been exposed to before. This may include the following: Breach of Tenancy Agreement This may provide cover for any breach by a tenant of any obligations they might have under the tenancy agreement [...]

Should I take out Legal Expenses Insurance?2020-07-31T15:00:00+00:00
20 07, 2020

What is next for the high street?


What is next for the High Street? The High Street has been in decline for over a number of years, and 2020 has thrown another spanner in the works. If it was not bad enough, the coronavirus pandemic has dealt another huge blow to all high street traders. With many staff still on furlough, many small businesses have been forced to close and who is to say that they will ever feel there is the right environment to return. Even when the furlough scheme eventually finishes, what guarantees do employers have that their staff will want to return? This places high street traders under huge uncertainty and may be the final nail in the coffin for some traders. This as we all know now and has been said many times before, will have a huge knock on affect to our economy. Many business have shut already as financial help [...]

What is next for the high street?2020-07-20T14:29:42+00:00
14 07, 2020

Nursery Insurance


Nursery Insurance Is it better to insure Nursery Buildings separately? If you are looking for Nursery Insurance to cover the nursery building itself, you should make sure you are covered for the following first: Property Owners Liability Loss of Rental Income Standard perils such as Fire, Lightning, Earthquake, Aircraft, storm theft etc A standard buildings policy should cover all of the above. You will even have the option to include or add some extra coverage to the buildings. This may include the likes of Legal Expenses up to £100,000 per claim or extended Full Accidental Damage to the buildings. Some policies will include these ‘extras’ as standard, so it is important to check with your broker when taking out a policy. The question as to whether or not it is better to separate the business from the building, may in fact be out of your hands if they are [...]

Nursery Insurance2020-07-14T15:03:22+00:00
10 07, 2020

Woodland Insurance


Woodland Insurance What is Woodland? A woodland is a habitat where trees are the dominant plant form on the land. The individual tree canopies generally are seen to overlap one another and interlink. They often form a more or less continuous canopy which shades the ground to varying degrees. There will be a great variety of other plants, depending on the amount of light reaching the ground through the tree canopy. Other such growth may include mosses, ferns and lichens, or possibly flowering herbs, grasses and shrubs. Animal diversity in the woodland is dependent on the different kinds of plants there are. As of 31 March 2020 is estimated to be 3.21 million hectares of Woodland in the UK. This represents 13% of the total land area in the UK, 10% in England, 15% in Wales, 19% in Scotland and 9% in Northern Ireland. Woodland can be divided into 3 [...]

Woodland Insurance2020-07-10T14:08:42+00:00
26 06, 2020

New Regulations for landlords to consider


New Regulations Five Yearly Electrical Checks From 1st June 2020, private landlords in England will be required to have the electrical installation in their rental properties checked by a qualified electrician to ensure that they are safe. This means that: Electrical Installations must be inspected and tested prior to the start of a new tenancy from 1st July 2020 Checks must be carried out on any existing tenancies by the 1st April 2021 These checks must then be carried out on a five-yearly basis. A copy of the most recent electrical safety condition report (EICR) must be provided to both new and retained tenants. The landlord is responsible for making sure that the person who completes the check is suitably competent. Using an electrician or firm that is a member of an accredited registration scheme operated by a recognized body will give you the confidence that this has been achieved. Mandatory [...]

New Regulations for landlords to consider2020-07-07T14:58:41+00:00
3 06, 2020

Can a missing EIC stop me selling my home?


Can a missing EIC stop me selling my home? If you have had any ‘notifiable’ electrical works carried out at your home since 2005, the law requires you to have an Electrical Installation Certificate (EIC). If you don’t have an EIC when it comes to selling your home, it can throw a spanner in the works during the conveyancing process. This article looks at the implications of a missing EIC and what a seller’s options are when it comes to moving home. What are ‘notifiable’ works? Electrical work carried out at residential properties in England and Wales is covered by Part P of the Building Regulations. The regulations state that: Reasonable provision shall be made in the design and installation of electrical installations in order to protect persons operating, maintaining or altering the installations from fire or injury’. Building regulations are policed by Local Authority Building Control (LABC). LABC [...]

Can a missing EIC stop me selling my home?2020-06-03T14:57:55+00:00
6 05, 2020

Considerations for Business Owners during lockdown


What will a Business Insurance Quote cover in lockdown? Coronavius and COVID-19 are two things on the lips of people all over the world let alone the UK. In addition to the obvious health issues we are experiencing as a population, it doesn’t take long for radio show hosts or television presenters to mention the need economic salvation. The economy is going to need a kickstart when a handle is on the disease itself, quite simply at some stage we are going to have to get back to ‘business’. When we do it will most likely be in stages, and hearing various media reports business will not just continue to operate the way it used to in a virus-free state, but operate in tandem with the virus. In short, business needs to manage the risk as the virus may be with us for quite some time until a vaccine [...]

Considerations for Business Owners during lockdown2020-05-06T10:26:40+00:00
16 06, 2020

Second Home Insurance


Second Home Insurance Having a second home can be a fantastic place to spend your weekends or summer holidays. A second home is obviously different than a first home or main residence, and that is why you will require the correct Second Home Insurance policy to make sure you are covered against various risks. Property owners who have second homes can do a number of things: Rent out on a 6 month AST – Landlord Insurance Rent out for short terms period – also known as holiday letting Use it themselves as a weekend or holiday retreat – no letting If the second home is being used precisely as that – quite literally your own second home that only you will use (also known as a holiday home), there are some important things to consider. So, what are they? Well, if you are fortunate enough to own a second [...]

Second Home Insurance2020-06-16T15:19:14+00:00
1 06, 2020

Back to work? Check your Retail Insurance


Back to work? Check your Retail Insurance! As the days and weeks go by, those of us who have been working remotely might be starting to hear some extra noise when the windows are open, due the current sunshine & heat. From March 23rd things got very quiet in most parts of the UK. There was no more morning rush, buses and cars had come to a halt not even venturing outside their driveways or curb side. There is now a different feel…quite literally there is more noise. Construction workers can now be heard with clanging throughout the day on metal or concrete. That noise before was often drowned out by the ‘other’ noise that will surely & inevitably return. However, slowly at this stage, one feels there are steps being taken (slow steps) to get everyone back to normality. There is an air of positive that has been [...]

Back to work? Check your Retail Insurance2020-06-01T15:44:21+00:00
18 05, 2020

make sure contractors have cleaners insurance


Back to normality...does your cleaner have Cleaners Insurance? Listening to the news it is fair to say that returning to normality may be some considerable time away, if at all the voices of doom project! That’s another debate. The pragmatic view is that there will certainly be a new normal, at least in the short term. Business Owners, Shop owners, Restaurant Owners, Offices, Schools and not least Cleaning Companies will all need to learn how to adapt due to the Coronavirus. Sadly, COVID-19 will be with us for some time, if not forever. One thing that is essential if you employ cleaning contractors (or are a cleaning contractor yourself), the correct cleaners insurance should definitely be in place. All parties should have this checked! Like anything, those business owners who prepare the most will have the best successes in overcoming whatever effects of the virus are thrown in their [...]

make sure contractors have cleaners insurance2020-05-18T08:59:17+00:00
16 05, 2020

Insurance for Flats


Insurance for Flats During these unprecedented times, money is tight! Probably more so than ever for many of us but that doesn't mean you should take lesser insurance for flats if you live in a block or are responsible for its management. With the prospect of redundancies on the horizon due to business cashflow problems, furloughed employees getting 80% of their usual wage, businesses being forced to shut up for good in many cases and the recent announcement of Chancellor Rishi Sunak that we may be entering a deep recession, many of us will be tempted to skimp on luxury items we once took for granted. Although ‘tightening your belt’ is no bad thing, there are things you should not skimp on. Just remember when things get bad, there is the potential for them to get a heck of a lot worse when the next storm or flood arrives [...]

Insurance for Flats2020-05-16T16:20:35+00:00
5 11, 2019

Block Insurance


Block Insurance Our Block Policies will cover you for Property Owners Liability Alternative Accommodation Loss of Rental Income Legal Cover is optional Communal Contents Our Block Policies are Flexible You can add or remove certain covers as required Lift inspection policies can be bolted on If you have claim we can provide a claims handler who works FOR YOU not the insurance company! We will Insure any type of block Converted Block of Flats Purpose Built Block of Flats Blocks with Commercial Unit below Block with mixed Tenant type Owner Occupied Blocks of Flats Get a Quote Insurance under one roof We are specialists in many types of insurance What is block insurance? Block Insurance is for property owners or management companies with multiple connected properties.  The [...]

Block Insurance2020-05-13T15:32:42+00:00
27 04, 2020

What is HMO Insurance?


What is HMO Insurance? HMO insurance is normally described as a landlord's property which is shared among a number of unrelated people. HMO is an acronym which stands for House in Multiple Occupation. HMO insurance provides the correct insurance. Some HMO properties will require a license – this will normally be the case where the HMO is 3 storeys high and when there are at least 2 different & distinct households & where there are at least 5 unrelated people living there. Landlords of this type of building will require HMO Insurance - Get a Quote For HMO Insurance  A license is obtained from the local authority and will be carefully inspected to ensure it meets the relevant safety standards, such as Gas Safety Smoke alarms Carbon monoxide alarms When a property is deemed to be an HMO and the very fact that licenses are sometimes required, can often [...]

What is HMO Insurance?2020-04-30T17:39:14+00:00
17 04, 2020

Government Support for Self-Employed


Coronavirus self-employed help is a very hot topic right now. As there is such a large volume of information to digest in terms of support for businesses from the Government, as your broker we wanted to bring the below to your attention as we feel it is particularly pertinent. This scheme for self-employed will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed. Who can apply for Government Support for Self-Employed You can apply if you’re a self-employed individual or a member of a partnership and you: • have submitted your Income Tax Self Assessment tax return for the tax year 2018-19 • traded in the tax year 2019-20 • are trading when you apply, or would be except for COVID-19 • intend to continue to [...]

Government Support for Self-Employed2020-05-01T09:12:52+00:00
9 04, 2020

What should my Business Insurance Cost?


Business Insurance Cost When choosing insurance for your business, there will be two main questions that you may be asking: How much does Business Insurance Cost? What does Business Insurance Cover me for? To answer these questions, it is important to understand that every business has its very own particular risks that may not be similar to another. Therefore, the premium may differ as it' s not a once size fits all approach! How much will my Business Insurance Cost? In order to get the best premium for your Business Insurance, it is important to show your insurer (or potential insurer) that you have been trading with little to no hick-ups along the way - and by that, we mean you have a clean record with little in the way of claims. This will demonstrate to your insurer that you know what you are doing and that you know [...]

What should my Business Insurance Cost?2020-05-01T16:02:56+00:00
24 06, 2020

Covid updates


COVID Updates Clients experiencing financial difficulties On the 18th May 2020, the Financial Conduct Authority introduced new measures for insurance and premium finance firms to help clients in financial difficulty.  Should you be experiencing financial hardship, or if things change at work or home, we may be able to help by: Re-assessing your demands & needs Reviewing levels of cover Adding or removing optional covers such as legal expenses Adding or removing people on your policy Where amendments to your insurance cover does not alleviate your payment difficulties, you should contact your finance provider directly as further support may be available, which could potentially include: The possibility of deferring payments (refer to FAQ’s) Reduced repayments, or rescheduled term Waiving missed or late payment fees Amending your repayment date without any cost Reducing interest payments It is important that customers do not leave themselves uninsured, so we encourage you to [...]

Covid updates2020-06-24T12:35:21+00:00
24 03, 2020

Government Support for Coronavirus


Government support for Business Interruption As there is such a large volume of information to digest in terms of support for businesses from the Government, as your broker we wanted to bring the below to your attention as we feel it is particularly pertinent. CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME The new Coronavirus Business Interruption Loan Scheme supports SMEs with access to working capital (including loans, overdrafts, invoice finance and asset finance) of up to £5 million in value and for up to 6 years. The government will pay to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will not face any upfront costs and will benefit from lower initial repayments. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. This [...]

Government Support for Coronavirus2020-06-05T13:29:00+00:00
9 03, 2020

Do I need to insure an Unadopted Road?


Do I need to insure an Unadopted Road? There is a Legal Duty to insure these roads, but this does not fall on the highway authority under the Highways Act 1980. The legal duty for unadopted road insurance falls upon the owners of the road – and this normally means the owners of any properties that front that particular road. The reason for this onus to insure is not on the highway authority, is because although these roads may be a public right of way, they simply do not belong to the public road network. How can I insure an unadopted road? Normally, if you do own one of these properties that fronts an unadopted road, it is common for a resident’s association to be formed. The resident’s association will then be responsible for maintenance and general upkeep of the road, ensuring it is safe for members of the [...]

Do I need to insure an Unadopted Road?2020-05-11T16:25:57+00:00
26 02, 2020

Better Landlords Insurance Prices


How to get better Landlords Insurance prices! If you are looking for a Landlords Insurance NI Policy you might ask, "What insurance do I need & how can I save money?" Always remember in addition to getting the right policy, you should take note of some of the important legal aspects, relevant laws and Fire Safety Practices that are expected not only by your tenants but by your insurer also. Apply good practice to your Landlord Property and it will even save you some money along the way! If you have a few flats in the same block - a block can be a converted house also, be sure to check out the information on our block of flats insurance page.It is common knowledge that landlords have a level of responsibility for tenants in a typical rental property. However, landlords should also know that safety and more specifically Fire [...]

Better Landlords Insurance Prices2020-05-12T09:15:15+00:00
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