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Strip Mall

Discussion in 'Landscape Architecture and Design' started by RhettMan, May 12, 2008.

  1. RhettMan

    RhettMan LawnSite Silver Member
    from Texas
    Posts: 2,156

    I found a strip mall i would like to place a bid on (is 500k enough) insurance?
  2. TheYardButler

    TheYardButler LawnSite Member
    Posts: 6

    Insurance is a tricky thing. Usually you would want to contact the property and see if they have any requirements.

    All the commercial business we do usually requires at least 1 million aggregate for liability insurance/workman's comp claims.

    It is really up to you, I would think 500k is enough, but some companies require more for people contracting for them.

    The Yard Butler
  3. BillyRgn

    BillyRgn LawnSite Member
    Posts: 248

    i agree check with them, and see if they have a requirement, something like that, i would think, they would want at least 1 million for coverage. My father sells insurance, and had me get 2 million for general liability with a million dollar umbialla, better safe than sorry

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