Why do I need Landlord’s Insurance?

Not all Landlords know that standard household insurance is insufficient when it comes to protecting their rental properties. The risks become higher for landlords, because they are adding tenants to the equation. There is more risk of things like loss of rental income, accidental damage, and periods where the property may be left unoccupied; making it an easier target for thieves and vandals. Landlords who have failed to tell their insurer they are generating income from their property, will usually have their claims rejected. This is because most standard home insurance policies do not protect rental properties. That’s why it pays to get a landlords insurance policy, which will cover all these risks and bring peace of mind.

Business insurance in a nutshell

Business insurance just like any type of insurance policy is available with varying levels of cover to suit any type of business’ insurance risk requirements. Whether you are a small business, looking for SME insurance, finding the right level of cover is relatively easy. All business insurance policies have three main covers; Business interruption, Property insurance and Liability protection. Additional covers like legal expenses cover are easily added, plus anything specific to the type of business you are in. For instance, if you are a professional, you are likely to need Professional Indemnity insurance. These days, arranging the right policy is best done via a business insurance broker, who will assess, recommend and arrange the level of cover you need.