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One call is all it takes!
Have you ever experienced any of these issues from your current insurance provider? > Lack of communication > Being sold covers you do not need > Being overcharged > Unclear documentation from unknown insurers >Long laborious forms asking far too many questions If you have experienced any of these things or just feel like you […]
Read moreIngenious way for you to sell a house worth just over £250k or just corrupt?
Selling a house just over £250k can be a challenge, as no one wants to go just above the stamp duty ceiling. This poses a problem for a seller if their house is worth just over £250,000. Buyers don’t want to offer more than £250,000 as they will then incur the higher 3% costs through stamp duty. […]
Read moreMandatory Professional indemnity for property agents?
Not yet… However, we have seen the government step in recently to protect the public with replacing the Property Misdescriptions Act with wider consumer protection in the form of CPRs. Currently letting agents are not externally regulated and not required to have professional indemnity. The level of potential risk this puts tenants, land lords and […]
Read moreWhat makes Custodian unique?
Custodian Management Ltd is an insurance underwriting agency devoted to protecting businesses from traditional and modern professional risks. We are part of the Advent Group based on 15-17 Cornhill, London, EC3V 3QQ. The Custodian offering is focused on providing professional indemnity solutions to niche professional groupings. Property professionals are one of many key sectors. Advent Risk […]
Read moreShould you read this piece about professional indemnity…? We think “yes”!
Do you need professional indemnity!? Now over 50% of all SMEs buy professional indemnity cover. It’s often hard for a business to know what to look for. Wordings and insurers vary considerably. To summarise, if you are advising, selling, designing or surveying then it’s sensible to buy professional indemnity cover. Try to obtain cover on […]
Read moreEstate agents duties widen..
You may be aware that the Property Misdescription Act has now been repealed and replaced by the CPRs. If you are aware you will know that, a propertyt agent’s liabilities have just increased. The main outcome of this is that when selling or letting a property an agent will now have to disclose more to the […]
Read moreEstate agents are the biggest employers in the UK!
Around 25,000 new estate agent jobs were created in 3 months to June according to the Office for National Statistics. This is a jump in employment of 10% within their sector. This is good news for those owning houses. I’m sure its good news for the restaurants and cafes on the high streets. Its certainly […]
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Property misdescriptions gets nasty…worth a read by estate agents
Protect your business Estate agents, letting agents, property professionals. All have one thing in common. They earn their living by presenting, advising, talking and ultimately selling! So, they may be unaware of it but for most estate agents one of their biggest risks is the risk of professional negligence. Recently the High Court has ruled estate […]
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What happens if you are not a limited company and you get sued…
Was asked a question a few weeks ago by a consultant. The question was: “What happens if I make a mistake and I get sued by a company?” I then asked: “Are you a limited company?” They responded: “No” I then had to explain that, potentially, they have put their personal assets at risk as […]
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Cover yourself!
Now over 50% of all SMEs buy Professional Indemnity Insurance. It’s often hard for a business to know what to look for. Wordings and insurers vary considerably. To summarise, if you are advising, designing or surveying then it’s sensible to buy professional indemnity insurance. Try to obtain insurance on a ‘civil liability’ basis which gives […]
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