But from what you’ve explained, if they cannot provide a certificate of insurance for him at the time of the audit, they are being charged for him on both the GL and the WC.

It is one LLC per property, great GL and umbrella insurance, and if you want to step it up a notch, get a few million $ in a personal umbrella policy. 

One LLC and GL and Builders risk is what we need..

Most professionals in many fields carry both liability insurance (aka General Liability or GL) and errors and omissions insurance (aka Professional Liability or PL). 

GL and Happy investing my friend.

This is a new home.Misty, the 2 entities should have separate policies.  1 policy that will cover your new rental and a second insurance program to cover business activities under the real estate company.The main reason for this is that it would be difficult to have a policy that would have all of the appropriate Coverage forms and the removal of specific Exclusions forms to provide proper coverage to both operations.Depending on the size of the rental, start with $1M in General Liability, which could be listed under your rental policy as Premises Liability.For the real estate biz, most companies will start with $1M GL and $250k of E&O. 

Liability - if you don’t have independent GL and E&O policy (if your co-hosting or property managing) you’re asking for trouble to find you—and it will.

gl and look forward to hearing from you more often

Hi everyone, My management company contracts vendors for basic repairs to cosmetic upgrades etc for properties that we manage.  What kind of limits should we require all of our contractors to carry in terms of General...

@Troy Zsofka @Chuck Mace If you are both managing properties that you own, you do not have to have a separate GL and/or E&O policy for the PM entity.