Once you've found the right commercial property coverage for your residential building, the final item you should consider is an umbrella policy, sometimes known as an excess liability policy. This type of insurance policy provides additional protection in the event…
Every landlord wants to find good tenants who pay their rent on time, treat the property with respect, and follow the rules established in the lease. Considering the many expenses associated with turnover (e.g., marketing, screening, vacancy-related rent loss, professional…
By now, you’ve no doubt heard about the Climate Mobilization Act. Dubbed New York City’s Green New Deal, the legislation seeks to reduce greenhouse gas emissions by more than 80% as of 2050. Many of the laws passed to support…
As a building owner, even if you don’t own a company car, you may need special auto coverage on your commercial property insurance. Two forms of auto coverage are available: non-owned auto and hired auto. The first covers vehicles owned…
As a property owner or manager, you’re responsible in many ways for the safety and security of your tenants, as well as passersby. For instance, if someone slips and falls on a wet floor, icy sidewalk or uneven steps, you…
Owning and renting properties can be a lucrative business endeavor but remains a serious undertaking, regardless of location. An overwhelming amount of time and energy often goes into learning the ins and outs of a constantly evolving market. As a…
If your building is a rental property, then a standard homeowner or building insurance policy may not offer adequate protection. That’s where landlord insurance comes in. Rental properties face different risks than primary residences and are treated differently by insurance…
Clients frequently ask us whether security cameras in their buildings will reduce their insurance premiums. Unfortunately, the answer is “no.” The sad fact is that too many business owners have tried to cut corners with fake security cameras, or by…
As discussed in previous articles, landlord insurance is a different animal than homeowner insurance. New York City building owners have different needs, as well as different options, than their counterparts in other cities. When shopping for insurance, it’s important to…
As a building owner, you want to keep your building and your tenants safe. But in a world of increasing crime rates, it can be difficult. Many things can happen, both in and around your building. Luckily, you can take…