I am the chairman of a small public company originally set up by Barclay's Bank when they sold off the leases to four flats above a branch bank. The sole purpose of the company is the care and maintenance of the common parts to the block. As long lease hold tenants we did not buy buildings insurance but paid a contribution based on floor space size to Donaldson's, Barclay's agents.
As chairman of the management company I was informed by Donaldson's that public liability insurance for any one having an accident on the stairways forming part of the common parts to the block, was covered under the Buildings insurance held by Barclays.
Barclay's have now sold the freehold to an international finance company based in the West Indies and their management office in the UK is an estate agent in London. As a tenant I am not being charged a contribution for buildings insurance and can not get a copy of any buildings insurance from the agent.
As the chairman of the management company I do not seem to be able to buy public liability as it seems to only come as part of a buildings policy which the company can not buy as it dosn't own anything.
Can any one advise me on my position both as a tenant as far as buildings insurance goes and for the company as far as public liability is concerned.
Any help would be appreciated.
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