This will help protect you and it will ensure you are notified if there is ever a change in coverage or a cancellation of the policy.Don't do it.

Aside from just whether they always pay their premiums or keep their licenses and bonds in force, we see the contractors that go the extra mile to implement best practices when it comes to selecting coverage, safety programs and having a solid subcontractor agreement with proper risk transfer. 

According to the Insurance Information Institute, an umbrella policy with $1 million in coverage costs about $150 to $300 per year.

He also wants the liability coverage of an LLC instead of an umbrella policy. 

I know airbnb has it's own 1 million liability, but I'd like to have my own coverage as well.

Try to get quotes with at least your current coverage so you get a fair comparison.

@Brian GarrettOne option is doing a DSCR loan - Debt Service Coverage Ratio loan also known as Investor Cash Flow loan. 

Bottom line is lot of media coverage leading people to incorrectly guessestimate RSU income that is way way way higher than what most employees are getting... 

Adriana,Generally you can get Liability with the coverage for the Building.  

But the long answer is that you need to have a coverage called ordinance or law.