By Eric Paulos
Whether you remodel, make structural changes to an existing building, or take the plunge to develop a residential building from the ground up, there are several important insurance considerations:
The standard commercial building insurance policy will not adequately cover the construction operations. Standard package property and liability insurance policies for commercial buildings are designed for your normal day to day leasing and ownership operations. There are many exclusions within policies and many insurance companies will refuse to provide standard coverage for commercial buildings where it is known that remodeling or construction is about to occur.