Royal & Sun Alliance Insurance plc
Royal and Sun Alliance now goes by the name of the RSA Insurance Group plc and is one of the world's major, multinational insurance groups, represented in more than 140 countries, employing some 23,000 people and claiming some 17 million customers.
All this from a company which is able to trace is roots all the way back to 1710 when a company called simply The Sun was formed. The Alliance was a relative newcomer to the world of insurance - having been set up in 1824 - and both companies were merged into Sun Alliance in 1959.
Royal Insurance had been formed in 1845 and when this company and the merged Sun Alliance themselves merged in 1996, the Royal & Sun Alliance Insurance Group plc was created.
In 2008, the Royal and Sun Alliance Insurance Group was formally renamed RSA Insurance Group.
With a history therefore stretching back more than 300 years, Royal & Sun Alliance today operates throughout the world in:
- the UK and Ireland;
- Central and Eastern Europe;
- the Middle East; and
- Latin America.
According to company accounts filed for the year ending 31 December 2013, RSA's revenue was more than £9 billion, its operating income more than £300 million and its net income £338 million.
In its provision of both personal and commercial insurance, RSA relies on a network of brokers and - for its personal insurance lines - direct sales through the wholly owned subsidiary MORE TH>N.
Landlord insurance aims to protect the owners of buy to let property on two fronts:
- protection of the structure and fabric of the let property against such risks as floods, fire, impacts, storm damage, theft and vandalism; and
- cover against business interruption, either through loss of rental income or through claims alleging the landlord's public liability or (if appropriate) his or her liability as an employer.
Different landlord insurance policies of course offer varying degrees of protecting in these areas and some may also include additional, optional extras.
Royal& Sun Alliance (RSA) landlord insurance
As mentioned, RSA's direct provision of landlord insurance is through its subsidiary MORE TH>N.
Features of the landlord insurance offered are briefly as follows:
- policies for both residential landlords and those holding a portfolio of business or commercial properties;
- building insurance against such risks as fire, flooding and burst pipes, vandalism and theft;
- accidental damage - caused by you or your tenants included as standard;
- public liability (also known as property owner's liability) cover of up to £2 million;
- compensation for loss of rental income following an insured event;
- legal defence costs; and
- optional inclusion of employer's liability insurance.
Cover for emergency repairs is also included as a standard element of RSA's landlord insurance policies.