Property Owner's Liability insurance
What is Property Owner’s Liability insurance?
Property Owner’s Liability Insurance covers the owner of a building or land for their legal liability for injury to third parties or their property.
Examples of potential claims could be a tile falling off a roof and hitting a passerby on the head or a visitor tripping on an uneven step.
What should my insurance cover?
Many policies can be extended to include a range of benefits such as:
Payment of fines & penalties
Payment of ransoms & extortion
Cover for lost or disrupted income
Cover for physical injury/damage
The cost of phone hacks
Cost of notifying your contacts
Incidents at your outsourced service providers
Social media risks
Suppose you are a landlord or allow public access to your property or your land. In that case, Property Owner’s Liability Insurance should be considered a sensible part of your duty of care. As a landlord, your property owner’s liability policy may demand that you comply with legal requirements, such as gas and electrical appliance safety checks and lift inspections.
If you are a landlord, most modern property owners’ insurance policies will include the property owner’s liability as standard. If you are a householder, your household building insurance generally includes this as standard. Farm policies will normally include covering the farmland.
