Property owners face various risks

Fri, Sep 27, 2019

Property owners can face various risks – from fire and flood, to loss of rental income, and liability for injury to the public, employees or tenants.

There may also be other risks specific to your business or sector – risks our soecialist insurance partner will help you identify and manage.

Make sure you are protected
With our Property Owners insurance policy, you can protect yourself, your employees, your tenants and your business assets. Our policy includes cover suited to a variety of portfolios - from houses and flats, to office and retail premises. It’s also flexible so you can choose optional cover to meet your changing business needs now and in the future.

Key things to know about our cover
  • Property – Your buildings are covered as standard. New buildings, alterations, additions and improvements are also covered for 90 days. This will be up to 10% of the amount you’re insured for, and up to a maximum of £500,000
  • Loss of income – Covering the loss of income due to damage at your property, up to £1.5 million. This includes loss of rental income caused by damage at nearby properties, up to £100,000
  • Liability - You or your employees may be held responsible for accidental injury to the public or for damage to their property. Our normal cover is £2.5 million but you can choose higher limits. Also, if you are an employer, you have a legal responsibility to buy employers’ liability insurance. If you choose to add this we provide £10 million as standard but higher limits are available.

Get your free Proper Owners insurance quote