Building insurance combined with D&O Officers

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    Building insurance combined with D&O Officers

    Its insurance renewal season! so I have been hunting around for a better deal, so far being told best to combine D&O insurance with the building insurance however who is this better for - the broker as they get a commission or is it best to get separate quotations and policies as the lease does not allow the recovery of D&O insurance? All thoughts and your experiences welcome? The excesses seem high as well £400 for water escape?

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    Seceral years ago, I was assured by a broker that the public liability element in the buildings insurance for a block of flats would cover injuries caused by malfunction of the lift. This week, I have been told that this is not the case, and that a separate engineering policy was necessary. Could...
    06-11-2019, 13:33 PM
  • Reply to Lift insurance
    by Gordon999
    I think lifts are legally required to be checked every 6 months and the lift is usually covered under a maintenance contract.

    http://www.hse.gov.uk/pubns/indg339.pdf

    A "block of flats" insurance policy should included cover for "public liability" for accidents....
    19-11-2019, 10:40 AM
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    by ashintoms
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    I am planning to let out my flat to 2 students. I am really getting confused with several policies online . I do have the following with me

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    hi again. How important is it for an RTM company with 4 directors who don't employ anyone to have Employers Liability in place? I've been told its a 'very grey area'! Are the directors employess of the limited company? My broker is not pushing us to have this but another broker was?
    09-11-2019, 08:12 AM
  • Reply to Employers Liability
    by ashburnham
    The directors are indeed employees of the Limited Company. If there is more than one director/employee in the Limited Company then it is a legal obligation to have Employers Liability Insurance. This is not a "grey area", you must have this cover by law.

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  • Reply to Employers Liability
    by leaseholder64
    Weekly cleaners are normally self employed.

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  • Reply to Employers Liability
    by Gordon999
    If your building has a "block of flats insurance policy" , you may find the insured cover includes "building re-instatement" plus "public liability" and "employee liability" thrown in at no extra charge. .

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  • RTM and insurance
    by roxytoo
    Hi We have won the RTM a block of 5 flats with a commercial unit on ground floor. We have set up a limited company. I am trying to sort out the insurance as the existing insurance will be cancelled in a few weeks when we take over. Sorry if this has been asked before but I can't find a definitive answer....
    07-11-2019, 09:58 AM
  • Reply to RTM and insurance
    by Gordon999
    The existing insurance policy may be restricted to claims only from the named policy holder.

    The RTM company has a legal right to manage the building and can purchase a new insurance policy at competitive price for "block of flats policy " or "Commercial building policy"....
    07-11-2019, 21:21 PM
  • Reply to RTM and insurance
    by roxytoo
    I have tried to get them to carry on with the existing insurance but they say no, it automatically gets cancelled the day we take over
    07-11-2019, 11:09 AM
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