Me and my father have been in business in Scotland for over 40 years and three years ago he retired and left all responsibility to me. We have a lease between us that says i have to insure and take full responsibility of the building.
A recent fire occurred in our neighbours premises and affected us. This has led me to look at my policy in greater detail and now it seems that i may be faced with some issues.
First issue is that my father owns the building but i insure its. loss assessors informed me that insurance may be declined because i do not own the property.
the second issue is that the company is a limited company and i am the sole owner but in the policy it has my name and not the limited company name.
A recent fire occurred in our neighbours premises and affected us. This has led me to look at my policy in greater detail and now it seems that i may be faced with some issues.
First issue is that my father owns the building but i insure its. loss assessors informed me that insurance may be declined because i do not own the property.
the second issue is that the company is a limited company and i am the sole owner but in the policy it has my name and not the limited company name.