Insurance as a real estate investor versus general contractor

[Gerry O'Donoghue]

We are general contractors in NYC, but we will be investing in residential and commercial real estate (flips and buy/hold) later this year. I would appreciate any input to help us understand the difference in G/L insurance exposures/coverage for a “real estate investor” (separate business, not directly performing construction work) versus a general contractor (directly performing construction work) in NYC and northern suburbs. I’d also like to understand what other insurance exposures/coverage we should plan and budget for in our investing business. Thanks.