Property Owner Employers' Liability
What is Property Owners' Liability?
The Property Owners’ Liability Insurance protects landlords and property owners in respect of claims made against them in respect of their legal liability for personal injury or property damage suffered by third parties and arising from the policyholder’s ownership of the property.
Why do I need it?
As a property owner you have a legal responsibility to ensure that your property is well maintained and does not present unnecessary risks of injury or property damage to either tenants, visitors to the premises or members of the public outside the building. For example if a third party, such as a postman or delivery person, were to trip on your path due to a loose paving slab, you could be held liable for compensation.
What level of cover do I need for Property Owners’ Liability Insurance?
Each landlord policy will have a limit of indemnity. This is the maximum amount that the insurance company will pay in respect of any one claim. Generally policies will include legal costs associated with the defence of any claim in addition to this limit, but in some cases the maximum limit payable includes these costs.
It’s your decision, based upon your own circ*mstances and your assessment of your needs, that determines what limit of indemnity you require under the policy. Common limits are £1m, £2m and £5m, although other limits are available upon request.
What will Property Owners’ Liability Insurance cover me for?
Property Owners’ Liability Insurance will enable you to meet any costs and damages awarded to a member of the public if they suffer an injury following an accident on, or linked to, your premises. This includes costs of hospital treatment and ambulance costs claimed by the NHS.
How do I buy Property Owners’ Liability cover?
Property Owners’ Liability Insurance is an optional cover with Landlord insurance. You can get a Landlord Insurance quote online or speak to specialist insurance advisors on 0345 337 0006Call 0345 337 0006
Keep in mind
- Online policy is underwritten by RSA Insurance Group PLC.
- Insurance covers are subject to the individual terms, conditions and exclusions of the insurer providing them. Always review the policy documentation supplied during the quote process to ensure you have the cover you need.
