We Build Insurance For Investors
Vacant Property Insurance
Premises Liability Insurance
Premises Liability Insurance
Business investors, landlords, and other owners of residential and commercial real estate often find their properties unoccupied during tenant or ownership transitions or even renovation.
Vacant property insurance offers coverage for completely vacant homes and commercial vacant buildings. Owners can purchase property insurance million and general liability insurance for their vacant dwellings. Should the occupancy of the property change during the policy term, property coverage can easily be converted to a rental dwelling policy.
Premises Liability Insurance
Premises Liability Insurance
Premises Liability Insurance
Property owners can be held liable for poor or dangerous conditions that could have been prevented on a construction site. This includes being held financially responsible for medical expenses associated with injuries that individuals – from invited guests to neighbors, vendors, and even trespassers – sustain onsite.
Premises liability policy provides protection for exposures arising out of vacant property ownership during construction, including the cost of events like slip-and-fall injuries. The coverage will pay direct damage for medical aid to the injured party and defend the insured should a lawsuit arise.
Premises liability insurance is a separate, complementary policy that should be purchased in conjunction with a builder’s risk policy. It does not replace the contractor’s commercial general liability coverage.
Builders Risk Insurance
Premises Liability Insurance
Builders Risk Insurance
Builders risk insures a structure while under construction or renovation against damage or loss from a covered cause. The policy is often required to comply with government regulations or as a condition to meet banking or other contractual arrangements. A standalone builder’s risk policy does not provide coverage for workplace accidents and injuries or liability coverage.
The following additional coverages are also standard to most builders’ risk coverage form: materials in transit and at temporary locations, backup of sewers, drains or sumps, debris removal, fire department service charge, ordinance or law pollution cleanup, scaffolding re-erection, scaffolding construction forms, valuable papers, and more.
This policy should be purchased alongside a General Liability policy.