Ian’s extensive 30-year experience in the commercial and personal lines insurance industry provides him with a wealth of knowledge and insight into the industry. Having worked for national insurance brokers, insurance companies, and online insurance providers, Ian is a highly knowledgeable commentator on insurance-related matters.
Comments from Ian:
"As an overseas landlord, it can be more difficult to manage your property and deal with any issues that arise. Having landlord insurance in place can help to mitigate some of the risks and provide you with the support you need in the event of a claim."
"You may want to consider getting a subsidence survey carried out on your property. This will give insurance providers a better understanding of the level of risk involved and can help to reassure them that the subsidence issue has been resolved."
"Loss of rent coverage is an essential component of landlord insurance. It protects you in case your property becomes uninhabitable due to an insured event, such as a fire, and you are unable to rent it out."
"it's important to make sure that your Buildings Declared Value (BDV) is adequate. This will ensure that you have the right level of cover in the event of a total loss. Insurers typically use a recognised independent price indices to increase your sums insured to reflect inflation once the policy is set up."
"Commercial property insurance is different from residential insurance because it's designed to meet the unique needs of businesses. While residential insurance policies primarily cover the owner's personal property and liability, commercial property insurance policies provide a range of coverage options to protect business assets, employees, and customers."
"As an Uber driver, you are classified as an independent contractor, which means you are responsible for arranging the right level of commercial private hire taxi insurance. Uber does not usually provide its own private hire insurance, so it's up to you to ensure that you have the appropriate coverage."
"Consider the location where you will be parking your van. Parking in a secure garage or driveway can lower your premiums as it reduces the risk of theft or damage."
"Courier goods in transit insurance is a crucial investment for any courier business to safeguard against potential losses from theft, damage or accidents during transit. It provides peace of mind, protects reputation, and ensures business continuity."
"Courier insurance specialists can provide you with cover specifically designed for your needs as a courier driver. This can include coverage for goods in transit, public liability, and breakdown cover together with additional coverage options that may be relevant to your specific courier work."
" Specialist insurers are more familiar with the specific needs and risks associated with your business, and may be able to offer more tailored coverage at a competitive price."