Scrutton Bland Property Newsletter Summer 2017

Scrutton Bland Property Newsletter Summer 2017

PROPERTY

| S C R U T T O N B L A N D | S U M M E R 2 0 1 7 |

w w w . s c r u t t o n b l a n d . c o . u k

Advice, legislation, market projections

Hip to use SIPP – increasingly popular investment vehicles Rethink of SDLT for property developers Risk management for rental landlords

bland

Directors’ and Officers’ insurance – why every business owner should consider it.

In the UK directors’ and officers’ insurance (D&O) is frequently held by larger companies but it has yet to become standard cover within the SME market.

Property owners’ claims example: A director of a management company was held liable due to the fact a tenant’s flat had fallen in value and was not in line with current market valuations of similar properties in the area. This was shown to be due to the director failing to recognise and subsequently fix external disrepair to the property. Without D&O cover the standard property insurance policy would not protect the director from being personally sued.

2 | P R O P E R T Y | S C R U T T O N B L A N D

t is a common misconception that legal expenses or professional indemnity insurance provide all the cover needed for these smaller companies. A >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12

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