The majority of commercial leases provide that the Landlord insures and the tenant is to reimburse their share of the Premium. We have developed our service to provide occupiers with an opportunity to effectively challenge such recharges.
Our service comprises an audit of the Lease obligations followed by a full review of the insurance invoice and certificate. The review includes analysis of the figures being adopted for the Buildings Declared Value, Sums Insured, Loss of Rent and Premium Rates. So, we check the sums insured reflect the lease terms and that those figures are correctly calculated before ensuring the premium rates are appropriate. Completing this exercise across a portfolio gives rise to a significant cost saving opportunity.
To find out more and to look through some case studies, please review our Challenging Landlords Insurance Recharges eBook. This can be downloaded from the link below.