Also have a lenders loan policy for them as well.  

@Leigh Ann Smith  we have very strict policies regarding advertising in any form. 

What kind of profits are you aiming for when everything is all said and done?

Your best protection, in my opinion (I am NOT a lawyer- so that's a big disclaimer right there), would be to have an umbrella liability policy that covers you at least up to the extent of your net worth.

I'll only add that when he shows you his insurance documents, call the insurance company and verify that his policy is in effect before you hire him.

Target markets are currently the Bronx and Queens, although I will certainly consider projects further afield.Until I find my niche, my aim is to gain transaction experience and exposure to as many aspects of the market as possible.My background.

Lastly before they ever start work on a project, you need to get a copy of their insurance rider with your specific address listed as a project on their own insurance policy, and call and verify the agency to ensure it wasn't forged.

Be sure to ask if that is a "Landlord" policy or "Homeowners" policy.

My end lessee is required to possess a renter’s insurance policy, while the owner updates their current policy to a “landlord insurance policy”.

In addition to this, it appears that obtaining an umbrella insurance policy will give me another layer of protection.