If you hire someone without coverage, you will be held responsible for their injuries while working on your project.  

MikePS I've got my own comprehensive course but Kent Clothier has a free one on Reverse Wholesaling that may interest you?

I also found out that while "code upgrade" coverage in an insurance policy covered this for my house it wouldn't cover it for a detached garage.

@Naveen Desai The 2 most important guidelines for a commercial loan are the Debt Service Coverage Ratio (DSCR) and LTV.Basically, the DSCR is the ratio of NOI to annual debt service. 

We target CAP 8%+, Cash on cash 12%+ and Debt coverage ratio 1.6%+Paul

As far as rules of thumb, look up cap (capitalization) rate and debt service coverage ratio.

Banks or originator are not necessarily made whole, the coverage is 80% usually.

Most offer a certain quality of data at a price point to match the quality and data coverage.

I read through a fair amount of it a while ago and it seems pretty comprehensive.  

Here is an excerpt you might find useful:In my opinion, a strategy should broadly fit into one or more of the following categories: Marketing – When you post your deals on a crowdfunding platform, you are going to get more coverage and distribution than you might get through more traditional means.