New York City Sidewalk Liability Exposure

May 19th, 2010

New York City Sidewalk Liability Exposure

In 2003 Mayor Bloomberg enacted two laws making a property owner abutting a New York City sidewalk responsible to maintain that sidewalk. Such maintenance includes the responsibility to construct, reconstruct, repave or repair the sidewalk, and to remove snow, ice, dirt or other material from the sidewalk. The property owner is liable for any injury or death resulting from the failure to
maintain such sidewalk.

Items that must be repaired/replaced include:

Lifted/uneven sidewalks, holes in sidewalks, extensive cracking or cracks that create an uneven surface or holes, flower boxes around trees must be in good repair and flush to the sidewalk if possible; the removal of ice, snow, dirt or other material from the sidewalk as often as needed to keep the sidewalk clear of any hazards.

The City is exempt from liability for any injury or death arising out of a property owner’s failure to maintain the sidewalk, except for instances involving exempt property (1-3 family owner occupied residential dwellings).

Service Reminder – Must have notices for NYC apartment buildings

May 19th, 2010

As a service, we remind owners and managers of NYC apartment buildings, some of the notices that must be posted in the hallway…

1. Multiple Dwelling Registration Number

2. Location of Boiler Room Key

3. Name & Contact Information For Managing Agent Or

Superintendent

4. No Smoking Sign

5. Smoke Detector Notice

6. Carbon Monoxide Detector Notice

7. HPD Certificate Of Inspection Visits

8. Detailed Fire Safety Plan

There are additional requirements for many buildings, and fines for not complying with these requirements. We suggest you check with HPD and the proper agencies to verify notices required for your building.

Upgrade to green

May 19th, 2010

CITY BUILDING OWNERS INSURANCE PROGRAM

and Stu Cohen bring “Upgrade To Green” program to small

property owners in Brooklyn, Queens, and Manhattan.

Small building owners and brownstone owners can now have an “Upgrade To Green” endorsement added to their building insurance policy, that will automatically increase the building coverage by 25% to allow for “green upgrades and replacement” to rebuild after a loss.

Pressure on real estate owners to “go green” continues to rise. Adopting environmentally sustainable building practices and materials can be costly. This coverage eases the financial burden, enabling the building owner to rebuild the insured property with products that embrace sustainability principles and reduce the overall impact of the building on the environment. Coverage is available to both LEED certified and non-LEED certified buildings.

Coverage includes extra money to hire a LEED accredited architect or engineer, coverage to test for and remove air contaminants after reconstruction, coverage to upgrade the areas of energy efficiency including heating systems, water efficiency, indoor air quality, and general sustainability upgrades of flooring and other materials to conforming building materials.

Please contact us for more information, including cost.