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Is Your Property Covered? 6 Types of Liability Insurance Needed

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Property owners and managers expose themselves to potential liability any time they engage a third party to perform work on their building's premises. If the third party causes injury to a building occupant, tenant, or employee, the owner or manager is a target for liability actions.
To prevent a lawsuit at all costs, this post dives into the 6 types of liability insurance needed to cover potential injury.
1. Professional Liability Insurance Environmental consultants are often hired to identify and evaluate the presence of contamination or to design an abatement or remediation program and evaluate its implementation. When hiring an environmental consultant, ask the consultant to show evidence of this insurance.
2. Asbestos Abatement Liability Insurance Property owners should require an asbestos abatement contractor to carry asbestos abatement liability insurance. This will protect against claims of third-party bodily injury and property damage arising from asbestos abatement projec…