Insurance

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Insurance guidance:

Insuring the developer’s works As between the developer and the tenant, the developer should covenant: • to ensure that the developer’s works are insured against usual...

Practice Note

Even if a specialist subcontractor is not providing any significant degree of design input in relation to its particular element of the developer’s works, it may well be...

Practice Note

In some respects, the only real value in any contractual duty under an appointment or obligation under a collateral warranty lies in the professional indemnity insurance...

Practice Note

Agricultural Holdings Act 1986 Where a tenancy agreement is governed by the Agricultural Holdings Act 1986, the obligations of the landlord and the tenant in relation to...

Practice Note

The principle of subrogation Subrogation is the right of an insurer, once it has made payment to its insured for loss covered by an insurance policy, to ‘step into the...

Practice Note

When does risk pass to the buyer? The fundamental principle which most contracts invariably follow is that risk passes to the buyer on exchange of contracts—the parties...

Practice Note

Defective title insurance policies, or policies covering breach of restrictive covenants, usually contain conditions relating to the disclosure of the policy to potential...

Practice Note

Joint insurance Joint insurance arises where two or more people insure separate insurable interests in the same property with the same insurer under a single insurance...

Practice Note

Most modern commercial leases, and many residential ones, place an obligation on the tenant to pay 'insurance rent' and on the landlord to insure the property or the...

Practice Note

Environmental insurance is now considered a standard tool in the management of environmental risks, both for operational businesses and in many transactions and...

Practice Note

Environmental insurance is used to manage environmental risks, both for operational businesses and in many transactions and development projects. For more on...

Practice Note

Environmental insurance is a useful way of managing environmental risks stemming from the work carried out by contractors and consultants. For more on environmental...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

The need for environmental insurance Development of brownfield or redeveloped land has the potential to increase the value of a client’s property. However, the client may...

Practice Note

Environmental insurance is a useful way of managing environmental risks, both for operational businesses and in many transactions and development projects. For more on...

Practice Note

Environmental insurance Environmental insurance is a risk transfer solution to indemnify the insured against losses arising as a result of potential environmental...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

As a general rule, law firms are not permitted to engage directly in insurance distribution activities, unless they are licensed by the FCA. This Practice Note focuses on...

Practice Note

If there is no express provision on insurance in the agreement for lease then, under open contract: • neither party is obliged to insure the property, and • risk passes...

Practice Note

This Practice Note discusses a tenant’s considerations when negotiating insurance provisions in a rack rent commercial lease. It identifies key concerns, suggests...

Practice Note

Duty of 'fair presentation' Under the Insurance Act 2015, s 3 (IA 2015), the insured has a duty to make a 'fair presentation' of the risk to the insurer. The duty of fair...

Practice Note

Vitiation of an insurance policy An insurance policy may be vitiated (or invalidated) if the insured: • misrepresents or fails to disclose any material fact to the...

Practice Note

Pool Reinsurance Company Limited ('Pool Re') was formed in 1993 following a series of terrorism incidents in the early 1990s in London and elsewhere in England related to...

Practice Note

We have reached a stage in your matter where we believe it would be in your best interests to buy [insert type of insurance]. We have suggested you buy the insurance from...

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