Government restrictions during lockdown increased the number of unoccupied commercial properties in the UK, with several companies opting to shut offices altogether and move to a fully remote workforce. Even when we are not experiencing these unprecedented times, ensuring that your unoccupied property is insured is vital. Often business owners are operating under the false impression that their standard commercial property insurance remains active when a building is not in use. Usually, this is not the case unless your policy as a specific additional clause. Unoccupied property insurance during Covid-19 If you have concerns about the cover on your unoccupied commercial property, it is worth checking what your insurer's approach to the situation is. Given the exceptional circumstances, many insurers...
Given the state of flux in the investment property market now, there is more uncertainty and potential risk in property investment at this moment in time. Investing in property needs to be considered more carefully as an investment type, but there are still gains to be made with by making the right decisions. These simple tips will help you navigate the uncertainty and create a profitable business investment, regardless of the current market conditions. Know the market – nationally and regionally If you don’t understand the market in its current state you won’t be able to make the best decisions to succeed in it (of course you could just hire the services of experts who do know, but it is...
No two businesses are the same, but every business has one thing in common – the need to protect themselves from the worst-case scenario. To do so you need to understand the different business insurance options available to protect your business, revenue, staff and customers against whatever might happen. These are your options for business cover: Professional indemnity insurance This covers you against any claim against you or your staff for claims of professional neglect, omission or error. It is possible to give out bad advice, and clients suffer from following it, this type of business insurance protects you from this. Life and critical illness cover If you were unable to work tomorrow, would your business still be able to...
In these times of uncertainty increasing your company revenues is essential, especially finding new avenues for profit from your existing assets and customer base. Using your access to business and commercial finance can help find the funds you need to improve your offerings and increase your turnover. This all makes your business a more attractive prospect to new clients, customers and potential investors, suggesting that your market position is improving and you are doing more business overall. What can commercial finance do to help you increase your revenue: Increase your working capital You might have the plans in place to take your business to the next level, but you don’t have the active working capital to push forward and also...
Buy to let properties have become a firm favourite with property investors since is become a mainstream investment option back in 1996, with the launch of an initiative by the Association of Residential Letting Agents. As investment is has been proven again and again to be highly desirable, but as a day to day, operation owning buy to let properties comes with its own unique issues. It is these issues that make buy to let insurance a necessity, protecting landlords against anything that might go wrong (and many things can). It is a different type of cover to standard home insurance, covering not just the building but aspects like loss of rental income, protecting both the material assets and your...
