It’s not unusual that a landlord or residential building owner doesn’t know how much of his contents are covered on his insurance policy. Do you know if you're properly protected with both contents and structures insurance? Contents vs. Structure There is…
New York City building owners with outside fire escapes have two choices regarding these external means of egress: keep them maintained or remove them. Fire escapes are a classic feature of New York City architecture, romanticized in books, plays and…
Building ownership, particularly for landlords, comes with inherent risks of loss. That's why it's especially important for owners of rental properties to have liability insurance as part of their risk management strategy. Beyond insurance, this article offers other best practices…
Owners of apartment buildings and brownstones can lower their insurance premiums by creating a building profile for the insurance company. Simply, this document presents the building in the most favorable way, ultimately demonstrating that the property poses a relatively low…
Why do you need directors and officers liability insurance? Here are a few examples of common directors and officers liability claims.While no one likes to think about lawsuits (except for perhaps litigation attorneys), they are a fact of life -…
To reduce their personal liability exposure, many building owners hold their properties through a business entity, such as a partnership or limited liability company. However, simply forming a corporate entity and transferring ownership does not automatically protect personal assets.…
Under New York Labor Law Section 240 (1), also known as the Scaffold Law, building owners and/or their managing agents may be held liable for certain on-the-job injuries to contractors. The legislation was enacted in 1885 to protect construction workers…