The UK university population boasts some of the oldest and most prestigious establishments in the world, attracting huge demand for places from international and home grown students alike.
The popularity of further education continues to drive the student let market, delivering resilient returns year-on-year. Yet, letting to students is not without additional risk and poses unique nuances that are not present with the average professional tenant.
With this in mind, it is important that Landlords enter the student market with their eyes open, understanding both the advantages and risks — It is also important to purchase specialist Student Landlord Insurance to ensure you are covered correctly for all eventualities.
Whether you are buying your first public house or are an established publican, the risks when running a pub or restaurant can be significant. From property damage to the property itself, to injury to customers or staff, claims can quickly become a significant threat to your business.
A Sports and Social Club is often the hub of the local community. As the manager, owner or committee member, it is your responsibility to establish a risk management framework to mitigate possible hazards as they arise.
Injuries to members of the public, club members or staff could result in significant claims under the liability section of your Sports & Social Club Insurance policy.
The key to commercial property success is delivering the right income multiple which secures the long-term value of your asset. Ultimately this result is directly impacted by your choice of tenant(s).
A Landlord’s ability to influence and attract the right commercial tenant, can also improve an insurers appetite, and in turn premium rating, for Commercial Property Insurance.
Indoor air quality (IAQ) has a direct impact on the health, comfort, productivity and well-being of your employees. When a business improves indoor air quality, they can increase overall productivity and decrease the number of days that employees miss work. Alongside this, health issues incurred by staff from poor air quality can result in compensation claims under the Employers Liability section of your Business Insurance policy.
The modern theme of airtight building design, while reducing cost, will also reduce the amount of outside air being introduced into your building. In addition, the use of chemical products, supplies, equipment and pesticides can also increase employee exposure to poor air environments. This exposure may lead to poor health conditions such as sick building syndrome (SBS) and building related illness (BRI).
Running a busy restaurant or takeaway business is hard work and it is often difficult to keep on top of all the important regulatory changes and requirements alongside already challenging working hours.
However, it is important that key requirements in relation to food standards and handling are adhered to, or you could face prosecution or potential closure from the Food Standards Agency.
The continued growth and popularity of House in Multiple Occupation (HMO) properties across the UK continues to assist in meeting the demand for affordable accommodation as well as providing increased rental yields for Landlords.
However, it is important that Landlords and Property Owners are fully aware of the potential increased risk exposures by ensuring that your Landlord Insurance policy provides adequate protection.