Custodian Musings

Does your PI renew in August or September?

If your professional indemnity policy renews in August and you would like another offer then please contact us. What we offer you: up to 30% discounts for start up businesses quick efficient service that does not drain your time competitive premiums access to a team of London based experienced legal […]

Cover up for the summer…

Is this you….? You have had a busy year. You are looking forward to your holiday. You have your holiday booked.  You’ll buy travel insurance, sun tan cream, pack your bags and bring your mobile phone with you for your holiday. You probably have insurance for your mobile phone. But […]

What would a claim cost you..?

Its one thing having professional indemnity cover. Its another thing being covered. We all think and hope that we will never have a claim.  But what if….  What if you did have a claim. How much would it cost you? You might think ‘nothing’ if you have PI cover in […]

If you are a property agent, have a quick look at this…

To all Property Agents… Are you covered? You may already have a professional indemnity policy but are you covered? Are your employees covered? Are your past directors covered? Does your current insurer recognise that technology is plays a growing part in your business? Our civil liability product covers you for […]

The Immigration Bill…

So… Maybe you heard about the Immigration Bill which will was given Royal Assent on 14th May 2014 and comes into effect in October 2014. Basically, this will require agents and landlords to ensure all tenants have the ‘Right to Rent’ and are legally entitled to reside in the country. […]

It may be your data but its your customer’s privacy!

So there is this thing called the Data Protection Act 1998. This basically means that if you are a business holding information on individuals then the Act applies to you.  The act safeguards the individuals whose information you have. Breaches could be criminal as well as civil. It is worth […]

Tips to avoid falling foul of the CPRs

Some very basic guidelines for agents wanting to reduce the risk of falling foul of the CPRs include: Remember that a material action/omission is likely to be anything that could cause an ‘average consumer’ to take a transactional decision he would otherwise not have made if he had full disclosure […]

Example cases

We have some early indications on how the CPRs are being interpreted. EXAMPLE 1 Last year the Property Ombudsman ruled against a number of letting agents in cases of misleading omissions and actions. One such case involved tenants who were only informed of their landlord’s intention to use a shed […]

CPRS

The new CPRs apply to both letting agents as well as estate agents. The Act appears to expand an agent’s responsibility to disclose ‘material information’ to potential tenants that you might reasonably expect to influence whether they proceed with the transaction. Providing false information has always been illegal but under CPRs […]

Once, twice, three times a reduction…

So this is what we are talking about? If you can answer yes to all these questions then you could qualify for a discount of up to 20% on your professional indemnity insurance. 1. Are you a provider of services of some sort? 2. Have you been trading for 3 or more years? […]

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