Designed to protect the building owners from any type of liability claims and property loss. This policy protects you from from financial loss, damage, liability, and business interruption that can result from unforeseen situations including theft, disaster, and breakage. The insurance is based on the type of apartment you own. For example, if you have 4+ unit apartment then you will have to get insurance for 4+.
Sounds complicated, no problem as here at PCI we offer a customized solution to the specific requirement of our clients. This is done by first understanding their requirement and analysing what they need.
Builders and Contractors have very special needs. They are considered by the insurance industry as a high risk due to the many hazards involved with construction.
Generally, a Builder or Contractor needs to carry a Bond (as mandated by the state), a General Liability policy to cover the operations, and possibly Builders Risk for New and/or remodel projects as well as Workers Comp for any of their employees.