Indemnity Insurance For Landlords

As a property owner it is essential to protect yourself from the potential legal claims that could be made by tenants, contractors and members of the public who are injured whilst living in or visiting your property.

All landlords are at risk of being sued if found to be negligent or in breach of their duty of care. For example if a tenant were to trip and fall on a broken step, they would be able to sue the landlord for damages and in the age of 'no-win no-fee' legal cases, this type of action is becoming increasingly popular.

Minimise the risk

The best way to avoid legal action is to try and minimise the risk. Essentially it is up to the landlord to ensure that the property is as safe as possible. This includes fixing broken steps, shelves and cupboards, testing electrics and reducing fire hazards.

However, this does not eliminate risk completely and the last line of defence should be liability insurance.

Property owners' liability insurance

Liability insurance enables the landlord to meet any costs or damages awarded to a member of the public if they suffer an injury following an accident on or from the owner's property.

Getting insured

Often specialist landlord's insurance providers will provide liability insurance as part of the main package, but it is a good idea to check your policy to ensure that you are covered.

If you are not covered, you may want to consider taking out liability cover or changing to a new policy that includes this cover.

Don Suter is Managing Editor of the UK Property Portal (http://www.ukpropertyportal.co.uk), an online directory and magazine for UK property sales, rental, surveyors, mortgages, conveyancing, property insurance, removals, news, investment and development

Find out more about property insurance and get an online quote.

MORE RESOURCES:

Concepta Insurance Consolidation Facility Receives DOJ Clearance - MarketWatch

Health insurance sticker shock hits consumers - Chicago Tribune

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/1-0fd=Rurl=http://newsblogs.chicagotribune.com/triage/2008/12/health-insuranc.htmlcid=1276133500ei=Saw0SeX_HpnU9QSOhMEpusg=AFQjCNGkp1oHpWXjRYxdiKYORMSOMhznowHealth binsurance/b sticker shock hits consumers/abrfont size=-1font color=#6f6f6fChicago Tribune,nbsp;United Statesnbsp;-/font nobr8 hours ago/nobr/fontbrfont size=-1Health binsurance/b sticker shock overcame Mickey Trznadel when he opened an envelope from Blue Cross and Blue Shield of Illinois earlier this year, b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-1fd=Rurl=http://www.marketwatch.com/news/story/Blue-Cross-Blue-Shield-Michigan/story.aspx%3Fguid%3D%257B5379FA18-BBBE-4084-A40A-AB5CFFB0BDAD%257Dcid=1276133500ei=Saw0SeX_HpnU9QSOhMEpusg=AFQjCNHFhU15jY7hke5W1OvMaDB-LmmWSwBlue Cross Blue Shield of Michigan Answers Attorney General/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-2fd=Rurl=http://www.mlive.com/annarbornews/news/index.ssf/2008/12/blues_michigan_ag_continue_hea.htmlcid=1276133500ei=Saw0SeX_HpnU9QSOhMEpusg=AFQjCNGuwic4S2jGnaYmJA4pL44SnQreWwBlues, Michigan AG continue health binsurance/b fight/a font size=-1 color=#6f6f6fnobrMLive.com/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-3fd=Rurl=http://www.mlive.com/kzgazette/news/index.ssf/2008/12/blue_cross_blue_shield_of_mich.htmlcid=1276133500ei=Saw0SeX_HpnU9QSOhMEpusg=AFQjCNH0U26S1MjXoKrxgDRlsM2G7s_C6QBlue Cross Blue Shield of Michigan continues push for health b.../b/a font size=-1 color=#6f6f6fnobrKalamazoo Gazette - MLive.com/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/1-4fd=Rurl=http://www.freep.com/article/20081201/FEATURES08/81201068cid=1276133500ei=Saw0SeX_HpnU9QSOhMEpusg=AFQjCNHcmM5cQMyPadStPxq-4nJnMMzwjQnobrDetroit Free Press/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/1-5fd=Rurl=http://www.crainsdetroit.com/article/20081201/FREE/812010270/-1cid=1276133500ei=Saw0SeX_HpnU9QSOhMEpusg=AFQjCNEcuOpm3FIbyQpVjiNRfUDEwHCjxQnobrCrain's Detroit Business/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276133500hl=ennobrall 23 news articles/nobr/a/font/div/font/td/tr/table

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State warns about auto insurance phone scam - Akron Beacon Journal

Navigators Expands and Strengthens Professional Liability Division - MarketWatch

Prudential PLC eyes AIG#39;s Taiwanese life insurance unit - MarketWatch

State wants college students to get health insurance - Salt Lake Tribune

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