Failure of mechanical, electrical or lifting equipment can be costly and disruptive to leaseholders and tenants, and could cause you major problems.
Independent engineering inspections help identify problems early, enabling you to organise and plan for repairs before a major failure occurs. With no vested interest in the outcome independent inspectors are unlikely to be biased, which means only necessary repairs are usually identified. Some inspections are a legal and statutory requirement.
Passenger lifts, for example, have to be inspected twice annually (Health & Safety Executive). Insurance against breakdown can also be added to a policy. It provides cover for the cost of repairs, so there will be no need to raid the management fund if the unexpected happens.
For a copy of our guide to Engineering insurance and inspection services and the cover provided under a standard policy* click here.
* For full terms and conditions please refer to the policy wording available on request.