Social Housing Insurance

Property stock
Tailored insurance to cover your rented, leasehold and any other property for which you are responsible as well as lost rent or the cost of alternative accommodation.  Sector-specific cover extensions and a range of excess options are important here.

Property owners liability
Cover for legal costs and compensation arising from your duty of care to third parties specifically as owners of property.

Contract works
Insurance for the physical elements of your planned maintenance and refurbishment programme including part finished buildings, materials and machinery.  Contingent or back-up cover is also available if you’re relying on your contractor’s insurance for new build projects.  A safer solution for new build however is to insure them yourself on an ‘owner controlled programme’ rather than rely on contractors.

Professional indemnity
Covers your legal liability to third parties arising from any advice or professional service you may provide.  This is particularly relevant on developments involving multiple parties and complex inter-party liabilities, requiring specialist policy drafting rather than an off-the-peg solution.  It is often a requirement of third party contracts.

Directors and Officers
Covers the personal liability senior managers and Board members acting on behalf of the association.  Whether your membership organisation provides this cover or not it is important to consider this carefully as your Board members needs to be sure they are properly protected.

Group personal accident
Many housing associations buy personal accident cover for their employees to provide a lump sum payment in the event of an accident that prevents them from working for an extended period.