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News & Blog

Under insurance

Up to 80% of the UK’s commercial properties could be underinsured, with average shortfalls of 60% per property, according to estimates by the Building Cost Information Service (BCIS).

Underinsurance can cause claims settlements to be proportionally reduced, resulting in property owners not receiving a full indemnity following a loss. Inadequate property settlements can then go on to further impact a business, such as its ability to continue trading.

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Energy Act

Policymakers in Holyrood and Westminster have taken different approaches to encourage property owners to make their buildings more environmentally friendly.

However, whether you own properties in Scotland or England and Wales, you should be aware of new energy performance regulations that came into force in Scotland in September, with England and Wales following in 2018.

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