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Click Here for more information on Engineering Insurance With S.A. Faughnan What is Engineering Insurance?   Engineering Insurance is an insurance policy that covers a wide range of engineering related risks. It is a comprehensive insurance that provides complete protection against risks associated with erection, resting and working of any machinery, plant or equipment. In additio...

For more information on Directors' and Officers Liability Insurance With S.A. Faughnan Click Here Why Directors and Officers need Insurance People appointed as Directors or Officers of a company hold positions of trust and must act accordingly. They will be liable for any act which is negligent, outside their authority, or in breach of duty or trust. Their responsibilities are onerous.  ...

Click here for more information on Contractors Insurance with S.A. Faughnan Contractors All Risks Insurance (also known as Contract Works or CAR insurance) is insurance designed for builders or contractors working on construction projects including buildings in the course of Construction, Alteration or Refurbishment. Contractors All Risks insurance can be a once-off or an annual policy dependin...

For more information on Landlords Insurance with S.A. Faughnan Click Here Going back as far as the 1960’s and beyond, large residential properties had been converted by investors or traditional Landlords into ‘flats’ or ‘bedsits’ across Ireland’s cities and towns.   Many of these properties which had already been in multiple residential units (tenement or other) prior to th...

  It is vitally important to arrange the right insurance cover for your investment property as the insurance risks associated with letting residential investment properties can be very high and are completely different to that of owner occupied risks. Some landlords make the mistake of arranging a normal household policy which is far from adequate. An investment property requires specific ...

Click here for more information on Property Owners Insurance with S.A. Faughnan How do I calculate the re-build costs? Buildings are an asset and like any asset should be adequately protected. A property reinstatement valuation assesses the cost of reinstating the property to its original condition in the event of total destruction. It is extremely important to note that the market value of th...

Click here for more information on the cover S.A Faughnan provide for Properties Undergoing Renovation There are many properties requiring renovation either with minor decoration works needed or a major update in the construction. It is imperative that insurers know about all works being carried out no matter how small to ensure suitable cover is in place.   As property insurance speci...

For More Information on Insurance for Vacant and Unoccupied Buildings Click Here How to protect and prevent hazards at vacant and unoccupied properties What is the definition of an unoccupied/vacant property? – property in the form of buildings or parts of buildings which are unoccupied / vacant or where business is out of service.   Insurer’s views vary when it comes to unoccupie...

For More Information On Property Owners Insurance With S.A. Faughnan Click Here UNDERINSURANCE AND THE INSURANCE POLICY CONDITION OF AVERAGE One of the most important things to consider as a property owner is ensuring adequate insurance cover is in place in respect of damage to the building, landlord’s contents, and loss of rental income. It will also be a requirement of any financial lender...

  A Property Owners policy is designed to meet the insurance needs of a range of Property Owners involved in Residential, Commercial or Industrial investment property risks. The key areas of cover required for investment property include the following:   Material Property Damage The buildings sum insured should be equal to the cost of rebuilding the property from scratch if it is...