While you’ll always need GL and Property,Here are some of the differences you may find based on location and/or lender requirements,You may need these policies you didn’t need before.- Flood policy- Umbrella policy- Environmental Liability policy You might also see coverage differences needed on your policies like the below.- Earthquake coverage- Ordinance & Law coverage @ 100% of value - Equipment breakdown coverageThe bottom line is it’s more than just numbers!

If its a sub, he will carry his own GL and separate WC.

My agent was guessing @ E&O rates he does not issue it, I have not looked into yet maybe I should since you think $5000 is high, we have the software and our states license board allows anyone to design up to a duplex.Our commercial GL and Workers Comp insurance policies are written against our LLC as the insured, I’ve seen some out here think a Home Owners policy covers them as a commercial business, I just don’t see that happening.Wish I could find a better policy that covers design, builder’s risk, and general liability.

Because of this, it's easy to write separate policies for the Property coverage, but you would need a single General Liability policy for the parcel/all 3 properties.You will get your best pricing with a single policy combingin the GL and Property.

They are also generally higher when there is no previous insurer meaning you get better rate experience when you've already had a policy in force so naturally it'll be higher the first year.However, I just wrote E&O, GL, and WC for a property management group with revenues around $150k/yr and the total package for everything was under $2500.

GL and feel free to ask more questions.

GL and lesson learned. 

This will help real estate investors and wannabee investors from being manipulated by the gurus:CONFESSIONS OF A SCAM ARTISTI see a lot of gurus employ the scammy tactics this ex-scam artist used to employ.Scammy gurus will stir you up...fueling those greed glands promising you that you will make millions with real estate while working 4 hours a week...they will get you to think of your family and they will make you EMOTIONAL about needing to spend more time with them.

It works the greed glands on buyers.     

http://cornerkeystone.com/CKCC%20Residential%20Bldg%20Improvement%20Sample%20Contract.pdfAsk for a "waiver of subrogation" from his GL and WC, if he has other insurance like automobile or installation floater (in case your materials will develop their own feet and walks away on its own during the night), have your name under that one too.