LSK Risk Management are specialists in rent to rent strategy for both HMO and serviced accommodation.
We recommend protecting yourself by purchasing professional indemnity, contents and public liability, which go in to greater details below:
For your business – Professional indemnity, this will cover you against financial loss that can be attributed to mistakes or negligence by your business to Third Parties, for example the Property Owner (Landlord) or suppliers and/or tenants. Public liability and employers liability optional.
For your Contents and Public Liability (purchased once per property)– You will be covered for:
– Accidental damage to contents (by none paying guests/tenants)
– Theft (by forcible entry)
– Public liability (slips, trips, falls and danger to tenants/guests when you are found negligible)
– Loss of rent and alternative accommodation (should the property become uninhabitable due to your contents)
Enhanced TOP-UP cover for the property:
Cover for the buildings:
Fire, explosion, and smoke, Accidental or malicious damage, Escape of water or oil, Theft or attempted theft, Emergency services damage, Loss of keys and replacement locks, Alternative accommodation and kennelling
Full damage to buildings, to give you the piece of mind that the landlord’s property is always protected from guest damage, so this will not leave you out of pocket!
Cover for contents:
Fire, explosion, and smoke, Accidental or malicious damage, Escape of water or oil, Theft or attempted theft, Emergency services damage
Electric and Hybrid Home Charging Units, Accidental or malicious damage and Theft
Legal Liability: Liability for loss of, or damage to third party property, or for bodily injury Legal Expenses
Legal expenses to defend or pursue legal claims: Arising from the hosting activities, for the eviction of overstaying guests, for the defence for HMRC investigations relating to hosting activity and for legal support for social media defamation
Note, this cover shall only be effective where you have a primary contents policy in force as this is intended as a top-up cover
For professional indemnity – please click here
For contents and public liability – please click here