FAQ

Understanding Insurance Clauses within a Lender’s Facility Agreement for Real Estate Transactions Have you entered into finance negotiations with Lenders and been asked to note their interest or to comply with various Insurance Clauses within a Lender’s Facility Agreement. Do you understand what it means to you as the Borrower / Insurance policyholder? Would you be surprised to hear that ma...

Shared Accommodation Property Insurance   With the housing crisis that we have in Ireland currently, more and more people are turning to Shared Accommodation as a solution.  There are many different ways in which a property owner can use their space in order to offer Shared Accommodation to tenants. A homeowner may choose to rent their spare room to a student under the Rent A Room sche...

Cyber Insurance –Does your business use technology? Do you hold personal information for your clients? Your Staff? Your Suppliers? Would you be surprised to hear that 70% of Irish Companies have suffered from Cyber attacks? According to the insurance company HISCOX, there has been a 22% increase in the frequency of attacks when comparing 2023 to the previous year. Have you protected yourself and...

Commercial Property Owners Insurance –Does your insurance provider know what tenants you have in your buildings? Have you updated them when changes occur? Moreover, why does this matter? Would you be surprised to hear that the business / trade and activities of your tenant will have a bearing on the cover you receive and the premium that you pay? But why is this?   Insurance companies...

Student Accommodation Providers – are you letting your property on a short-term basis over the summer months when your student tenants move back home? Are you leaving it vacant? Does your insurance company know about this? Would you be surprised to hear that unless they are aware of the change in circumstances, they may not provide cover in the event of a claim during this holiday time?  ...

Legal Contingency Cover can be arranged for a full range of issues. Would you be surprised to hear that you can get insurance to cover you for any defects in title or lost title deeds? Or that you can take out a policy for lost Shares Certificates? Or to ensure that an estate is administered properly? We work with legal representatives for both the vendor & purchasers to mitigate against profe...

Are you running a Bed & Breakfast / Guesthouse in Ireland? Have you notified your Bed & Breakfast insurance provider of everything that you offer your guests, and even how you secure bookings? Would you be surprised to hear that some insurance providers do not offer cover for anything other than the traditional Bed & Breakfast offering? Many will not cover risks which secure bookings ...

Directors & Officers Liability Insurance, Management Liability or D&O Cover as it’s more informally referred to is not something that is widely discussed in Ireland amongst property owners or company directors. Would you be surprised to hear that it is vital for all Multi Unit Developments Owners’ Management Companies (OMC’s) to have Directors & Officers Liability (D&O) In...

Apartment Block insurance is designed to provide cover for Managing Agents / Owners Management Companies / Block Owners or Residents Associations where there is a single building / multiple blocks of individual, self-contained apartments or commercial units with shared common area spaces internally or externally.   It is intended to provide cover for Damage to the property both accident...

Landlords / Property Owners, DID YOU KNOW that the OMC (Management Company) Apartment Block insurance policy, which you contribute to via your annual management / service fee, does NOT provide you with legal liability and contents cover as a Landlord / Property Owner within the walls of your apartment unit. Therefore, if you don’t have separate liability and contents cover (as a Landlord / Pr...