The Background: On 1st December 2016, new legislation came into effect which means that private landlords in Scotland must have Electrical Installation Condition Reports (EICR) in place for all properties they manage. Legislation already required private landlords to provide these certificates for people who became residents after December 2015, but the new legislation requires landlords to provide […]

Property owners could be putting themselves at risk by not insuring their properties to the full reinstatement value, leading to settlement issues when it comes to claims payments. VAT – the question of VAT arises on the settlement of a claim, and who can recover the VAT element in the process. With VAT now standing at […]

It was announced on Monday that the Ogden discount rate has been reduced from 2.5% to -0.75%, and the change will take effect from 20 March 2017.  Ian Parker, CEO of ERS Insurance has commented “I am reading a lot about how the change in the Ogden discount rate is akin to a natural catastrophe for […]