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OAMPS currently manages the Property Insurance accounts for a number of the UK's largest commercial and residential property owners and managers. Our clients receive access to our unique online e-claims system, giving them constant, up-to-the-minute reports on the status of every claim on their properties and quick claims settlement.
Our Commercial Division specialises in the more difficult to place risks. We have bespoke wordings for Public & Products Liability and the Construction Industry.
What can OAMPS do for you?
We arrange specialist insurance for blocks of flats, whether they're converted properties or modern purpose built blocks (which often benefit from substantially discounted rates). We can arrange insurance in the name of the freeholder, management company or tenants' association.
We also arrange specialist insurance for residential properties, offices, retail premises, landlord ‘buy to let' and other commercial properties.
Naturally we can organise standard cover, such as Accidental Damage, Subsidence, Loss of Rent / Alternative Accommodation and Property Owners Liability.
But what makes our service really stand out are the extra benefits we can provide, for example:
- Instant cover without survey
- Full cover for unoccupied properties
- Computer generated summaries of cover including notice of third party interests
- Individual premium debit notes for tenants, with an efficient administration and claims service
- Inadvertent failure to insure properties
- Trace and access costs
- Automatic cover for additional properties and alterations
- Loss of rent following failure of public utilities, a key tenant moving out or the closure of a nearby attraction following an insured loss
- Advance rental income - compensating for loss of anticipated rental income from property currently being built or refurbished
- Increased cost of working at the insured's own offices
- An online claims reporting system which instantly logs claims details directly with the insurers and yourselves and can be updated or reviewed 24hrs a day 365 days a year
Protecting your interests
You should always ask for your insurance quotation in writing so you can check it thoroughly before accepting. OAMPS Special Risks Ltd will always provide you with a full written quotation based on the insurance we have discussed.
Not just property insurance
As we are authorised by the Financial Services Authority (FSA), we can guide
you through the minefield of regulatory requirements. We'll provide the advice
you need, whether you have applied to the FSA for your own authorisation, are
looking for a principal to provide Approved Representative status or want to avoid
regulation altogether by restricting your activities.
We can also give advice and arrange cover for other crucial aspects of
your business:
Directors' & Officers' Liability
Directors and officers of residential management companies, even if they are
volunteers, face potentially unlimited personal liability for the consequences
of their actions - that's why we provide insurance specifically for residential
management company directors and officers, covering for breach of duty, trust
or contract, neglectful or misleading statements, wrongful trading or wrongful
acts or omissions.
Engineering Inspection and Insurance
If you are responsible for managing a block of flats, you must ensure
equipment such as lifts, boilers and window cleaning gantries, is inspected
regularly and well maintained.
We can arrange one straightforward policy to cover the costs of professional
equipment inspection, and for unforeseen and accidental damage, breakdown
and collapse.
Unless you're sure your service charge budget can pay for emergency repairs,
we recommend you consider this insurance. With a single policy, instead of
different contracts for each item, it can offer significant savings.
Professional Indemnity Insurance
We can arrange cover for Property Managers, Agents, Surveyors and Architects.
Oamps can arrange bespoke cover to suit your needs and include cover for
foreign contracts and special cover for asbestos.
Contact the Commercial or Property Divisions on 020 7929 6880 for further advice and quotations.
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