The policy should list the owner of the house as named insured - period. Adding the LLC as additional insured will not offer the same coveage as being a NAMED insured. Some PL carriers will write a PL policy in the name of an LLC. If you are not appointed to one of them, then the policy should be w...

LLC consisting of one member develops land he owns by building one home on it. Upon completion, he does not sell it rather he keeps it and rents it out. Is this a personal or commercial risk? I say commercial but insured says "well I am the LLC and its just me, so can't we just write the policy...

Hi Rob, while I love your posts, I find too often we get way out into the realm of what if...and lose track of the actual issue. If I could summarize, you have a client risk that May or May Not be a GC, for a renovation of a small business from something into a Yogurt shop. My guess is going to be ...

Rob, Whew I'm exhausted.... ;) Well you're right E&S for this one, and I hope he's a good client 'cause you've already lost money on this deal......:LOL Good Luck! LOL! Hey, for me its things like this that make this fun and interesting sometimes. Update: If he goes the route of opening it up f...

ok Rob, last question, if ownership will be the same for the building and the operation of the new business.... Get a GL policy on a BOP for the new Yogurt shop and be done with it. Should be able to rate on-line with any of the standard markets... Then hire your GC get your certs... finito.... Tha...

An LRO policy could still work if he has ownership of the building under his individual name, and the business will be under a seperate entity name. There are many building owners leasing buildings back to their businesses which are under LRO.... I agree with you there but the entities are the same.

The insured needs to hire an attorney and get some good indemnity/hold harmless language in the contract between the building owner and the contractor. Then, collect a COI from the contractor showing the building owner as additional insured on the CGL, and showing Work Comp in place. An umbrella wi...

Rob, My opinion is that your Building owner still needs his own GL policy. Whether he uses insured subs or contracts with them direct merely goes to who pays the most premium for the exposures. LOU Agreed. So I need to find a carrier that will write a GL policy for him while he has renovation occur...

"If the contractor is a sole prop without workers compensation or if he does have employees and is excluded from his own policy, couldn't he potentially sue for injury as a result of something on the premises not related to his own construction activities?" Add this thought... If he's exc...

Ok Rob here's my two cents: Cut through all the 'what ifs' and advise him this; DON'T do the work yourself, hire a fully licensed and insured GC to do the TI and assume the liability for the project, that's why Contractors contract! Then get AIs for the Liability and Work comp policies. Worry about...

In Tennessee, one does not have to be a licensed contractor to hire subs to remodel different aspects of their own building. The problem comes in underwriting such a risk. No standard company wants to take on the BI & PD long term exposures of a non licensed owner acting like a GC. OCP insuranc...

Hi Rob, while I love your posts, I find too often we get way out into the realm of what if...and lose track of the actual issue. If I could summarize, you have a client risk that May or May Not be a GC, for a renovation of a small business from something into a Yogurt shop. My guess is going to be ...

Rob, My opinion is that your Building owner still needs his own GL policy. Whether he uses insured subs or contracts with them direct merely goes to who pays the most premium for the exposures. LOU Agreed. So I need to find a carrier that will write a GL policy for him while he has renovation occur...

Most small business and residential construction in our area is now conducted with a GC acting as a central figure using 100% subbed labor for the actual work. Your building owner may have a large amount of coverage under the AI endorsement (if it is the right one) of the GC. That is, provided that...

I nominate this as the "most original submission of the year". If he was running it as an attraction for short duration...then perhaps some type of an event policy. Will be interesting to see the comments on this posting... I think his intent would be to have it available at any time for ...