Property Owners Liability Insurance
However diverse your property portfolio, we offer you a bespoke solution.
Owning property comes with plenty of rewards, but it also brings some serious risks. Whether you’re a landlord, a commercial property owner, or an investor, protecting yourself from financial and legal headaches is a must. That’s where property owners insurance and property owners liability insurance come in. These policies are designed to safeguard you against things like damage to your building, injuries on your property and legal claims from tenants or visitors. They help you stay covered when the unexpected happens, keeping your business running smoothly.
Ready to protect your property? Book a consultation now! You can call us on 01245 449060 or email info@ascendbroking.co.uk.
We have experience with buy-to-let landlords, all the way through to complex multi-tenanted commercial properties and ground rent portfolios. We also work with managing agents and are able to offer invoicing services to tenants and provide a full service claims for large portfolios.
Our team of sector specialists focuses on your requirements, delivering a personal service with professional advice. Dedication to customer support means we work on your behalf in the event of a claim, achieving the best outcome for you.
Our comprehensive proposition includes:
- Building
- Loss of Rent
- Property Owners Liability
- Employers Liability
- Contents
- Terrorism
- And much more
What Is Property Owners Liability Insurance?
Property owners’ liability insurance is a vital safety net for anyone who owns property. Its main purpose is to protect you from legal claims that could arise if someone is injured or their property is damaged while on your premises. For example, if a tenant trips and falls due to a broken sidewalk, or if a visitor’s car is damaged by a fallen tree on your property, this insurance can cover the legal costs and compensation for the injured party. It’s especially important for landlords, commercial property owners and investors, as these types of incidents can lead to expensive lawsuits or compensation claims.
Having property owners liability insurance in place ensures you’re financially protected and not left covering huge expenses out of pocket. It’s a key part of maintaining peace of mind and protecting your investment from unexpected situations.
Why Do You Need Property Owners Liability Insurance?
Property owners’ liability insurance is essential for protecting yourself against financial and legal risks. Without adequate coverage, property owners face the potential of costly compensation claims or legal fees if someone is injured or their property is damaged on your premises. This could include anything from a tenant’s injury to a visitor’s property being damaged. For both residential and commercial property owners, these types of incidents can lead to significant financial strain without proper insurance in place. Property owners liability insurance ensures you’re covered, providing peace of mind that you won’t face major expenses if something goes wrong on your property.
Who to speak to?
Stuart Belbin
Stuart joined Ascend in October 2020, having previously worked at A Plan and WRS, where he developed his specialism in the commercial and charity sectors. At Ascend, Stuart leads the development of these sectors as a customer-facing account executive with experience in providing effective cost & risk management insurance solutions.
Bringing together the best of his national and independent broking experience, Stuart is able to provide Ascend clients, from medium privately-owned businesses to public limited companies, with leading market solutions across a wide range of industry sectors.
Senior Account Executive
M: 07736 956221 E: Stuart.Belbin@ascendbroking.co.uk
What Does Property Owners Liability Insurance Cover?
Property owners’ liability insurance covers a wide range of risks, protecting you from legal claims if someone is injured or their property is damaged on your premises. For instance, if a visitor trips on an uneven pathway and injures themselves, or if a leaking roof causes damage to a neighbouring property, this insurance can help cover the costs of legal fees and compensation. It also protects you if a contractor working on your property is injured.
Whether you own residential or commercial property, having the right liability coverage is vital to protect your finances from unexpected incidents. Property owners liability insurance ensures you’re prepared for any unforeseen claims.
Public Liability Cover
Property owners’ liability insurance often includes public liability cover, which protects you if someone outside your property is injured or their property is damaged due to your actions or negligence. For example, if a visitor trips over a broken fence or a delivery driver’s vehicle is damaged while on your property, public liability insurance helps cover legal costs and compensation claims. This coverage is essential for property owners to avoid significant financial losses from accidents that could occur during normal operations. Whether you own residential or commercial property, having public liability cover ensures you’re protected from third-party claims that could arise.
Employers’ Liability Cover
Property owners’ liability insurance can also include employers’ liability cover, which protects you if an employee is injured or becomes ill while working on your property. For example, if a maintenance worker falls from a ladder or a cleaner sustains an injury due to faulty equipment, employers’ liability insurance helps cover the legal costs and compensation claims. This cover is essential for property owners who employ staff, as it’s a legal requirement in many cases. Without it, you could face significant financial penalties or compensation costs. Employers’ liability insurance ensures you’re protected and compliant with the law.
Defective Premises Act Cover
Property owners’ liability insurance may also include premises act cover, which protects you if someone is injured on your property due to a safety hazard. For example, if a visitor trips on an uneven floor or is hurt by faulty lighting, premises act cover helps with the legal costs and compensation claims. This type of cover is crucial for property owners, as it ensures you comply with health and safety laws that require maintaining a safe environment. Without it, you could face hefty legal fees and compensation costs. Premises act cover provides vital protection against accidents that occur on your property.
Legal Expenses Cover
Property owners’ liability insurance can also include legal expenses cover, which helps with the costs of defending against legal claims. For instance, if a tenant disputes a lease agreement or a neighbour files a claim over property boundaries, legal expenses cover can pay for legal fees and court costs. This coverage is essential for property owners, as legal battles can be costly and time-consuming.
Additionally, you may want to consider building insurance, which covers damage to your property, and contents insurance, which protects belongings inside the property. Together, these policies offer comprehensive protection for property owners against a wide range of risks.
Why Choose Ascend Broking Group
Choosing Ascend Broking Group for your property owners’ insurance means working with a team that values independence, transparency and flexibility. We take the time to fully understand your unique needs and provide tailored insurance solutions that protect your property and investments. As an independent broker, we offer unbiased advice and access to a wide range of competitive insurance options, ensuring you get the best coverage at the best price. Our commitment to excellent customer service and innovative solutions ensures that you’re always well-supported, whether you need claims assistance or expert advice. With Ascend, you’re in safe hands!
Contact Ascend Broking Today
At Ascend Broking, we specialise in providing tailored property owners’ liability insurance to protect your investments. Our independent approach ensures you receive transparent, flexible advice and access to the best coverage options available. With Ascend, you benefit from expert guidance and a personal touch; whether you’re a residential landlord, commercial property owner or investor. Property owners’ liability insurance is essential to protect against costly legal claims and accidents on your property, and we know the risks and concerns inside out.
To get started, simply reach out to us at 01245 449060 or email info@ascendbroking.co.uk. Our team will discuss your specific needs, guide you through your options and help you secure the right insurance to protect your property and assets. We’re here to make sure you’re fully covered and confident in your choice. Reach out today for tailored cover that will thoroughly protect you today and tomorrow.
