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Landlord buildings insurance
In case disaster hits and your property gets damaged.
What’s typically covered by buildings insurance for landlords?
Claims against your business for:
- a partial or complete rebuild of your property, up to £1 million
- damage caused by a storm, flood, or fire, plus intentional damage caused by thieves or vandals
For example :
- one of your tenants is moving belongings into the loft, but damages the ceiling below by putting too much weight on the non-boarded floor
- thieves break into your property and cause extensive damage to the back door and its frame
- severe subsidence means one of the main walls in your property needs restructuring
Read more about buildings insurance for landlords
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Landlord legal insurance
In case you’re hit with legal expenses as a landlord
What’s typically covered by landlord legal insurance?
Claims against your business for:
- negotiating your legal right to evict squatters
- repossessing your home if tenants are refusing to leave
- damage to your property, caused by tenants or their guests
For example:
- a property you’ve been renovating is ready to be rented out, but you find squatters on the property – you ask them to leave, but they refuse
- your tenants stop paying rent and you need to evict them, in order to have control of the property and get it ready for re-listing
- during a routine inspection you find out that your tenants have damaged some expensive appliances beyond repair, which will need replacing
Read more about landlord legal insurance
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Rental income protection insurance
In case damage to the property stops your tenants trading, and paying rent.
What’s typically covered by rental income protection insurance?
Claims against your business for:
- loss of rent if your property is uninhabitable due to an ‘insured event’ such as a fire, flood, or storm
- damage to your property means you can’t rent it out to new tenants
For example :
- a heavy storm badly damages the roof of your property, so it’s unsafe for tenants to live there until it’s repaired
- your property gets badly flooded, making it uninhabitable for tenants
- you need to recover lost rental income because a fire in the kitchen means your tenants can’t live there and have to move out
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Tenant default insurance
In case your tenants don’t keep up their rental payments.
What’s typically covered by tenant default insurance?
Claims against your business for:
- you will be protected up to £50,000 in case you are forced to evict tenants for nonpayment of rent over the course of a year
For example :
- you’ve set up a payment plan with your tenant, but don’t receive any rent for two months and decide to serve an eviction notice
- your tenants are late on their rent, have only paid part of last month’s agreed amount, and aren’t returning your calls – you serve an eviction notice
- a tenant runs their own business and has had a poor financial year, so you set up a payment plan – but after five missed payments you serve an eviction notice to claim the rent you’re owed
Read more about tenant default insurance
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Landlords contents insurance
In case disaster hits and your contents get damaged.
What’s typically covered by landlord contents insurance?
Claims against your business for:
- damage to your contents caused by incidents such as fire, flood, or theft
- contents including household goods, furniture, and decorative items
For example :
- your tenant deliberately damages your kitchen
- flooding causes severe damage to the furniture you’ve just bought for the living room
Read more about landlord contents insurance
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Landlord accidental damage insurance
In case your tenant or their guests accidentally damage your property.
What’s typically covered by landlord insurance with accidental damage?
Claims against your business for:
- the cost of replacing contents in your property if your tenants cause any unexpected damage
- someone visiting one of your tenants causes unexpected damage to your property or contents
- the cost of repairing your property or contents if they’re accidentally damaged
For example :
- during a party, someone spills red wine on the sofa you’ve bought for the property
- your tenant drops something on the kitchen floor causing damaging one of the tiles, and it needs to be replaced
- your tenant’s child throws a toy, breaking a light fitting and damaging the TV you’ve installed
Read more about landlord insurance with accidental damage
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Property owners’ liability insurance
In case you’re legally responsible for injuries or property damage, as owner of the building.
What’s typically covered by property owners’ liability insurance?
Claims against your business for:
- bodily injuries caused by your property, including fixtures, fittings, and contents
- third-party property damage, caused by your property
For example :
- your tenant slips on a loose piece of carpet, causing long-term back pain
- your ceiling lamp falls on your tenant’s laptop, breaking it in the process
- a delivery person trips on a loose pavement slab at your property and breaks their ankle
Read more about property owners liability insurance
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Landlord home emergency cover
In case the boiler fails, or there’s a plumbing or electrical emergency.
What’s typically covered by landlord home emergency cover?
Claims against your property for:
- roof damage, making the internal property unsafe or uninhabitable
- domestic gas or electrical supply failure
- contribution towards replacement boiler costs, if it’s beyond economic repair
For example :
- if the heating in your property fails, due to a fuse in your boiler, leaving your tenants without heating in winter
- a storm damages tiles on the roof of your property, causing a leak upstairs
- your old boiler fails, even though it’s had annual servicing, leaving your tenants without heating on a cold weekend
Read more about landlord home emergency cover
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Employers’ liability insurance
In case anyone gets ill or injured while working for your property.
What’s typically covered by employers’ liability insurance?
Claims against your business for:
- an injury that happens as a result of working for you (including temps and casual workers)
- an employee, including a contractor or casual labourer, suing you after falling ill because of working for you
**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**
For example:
- your employee injures their lower back while moving furniture at your premises and holds you responsible
- an employee cuts their hand on a damaged countertop and sues you for operating an unsafe workspace
- a member of staff trips over while unloading business equipment, injuring their knee
