Legal Information

31 07, 2020

Should I take out Legal Expenses Insurance?

2020-07-31T15:00:00+00:00

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?

2020-07-20T14:29:42+00:00

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

2020-07-14T15:03:22+00:00

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

2020-07-10T14:08:42+00:00

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

2020-07-07T14:58:41+00:00

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?

2020-06-03T14:57:55+00:00

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