Real Estate Developers PROtectSM
Professional Liability Insurance with Cyber Coverage
Argo Pro’s policy offers professional liability coverage for those engaged in real estate development. Below are some examples of coverage options.
Contractors who build single-family homes on parcels of land they bought and subdivided and then sell each individually.
Firms that buy and renovate abandoned commercial buildings and convert them into residential multi-family properties while maintaining ownership and acting as property managers.
Land developers who acquire undeveloped parcels of land, obtain zoning permits, conduct percolation tests and perform environmental impact studies and/or grade the land before selling it to a construction firm that is ready to build on it.
Real estate investment firms
An LLC that is formed to undertake a large-scale mixed-use property construction project. The LLC obtains outside investors and/or has an ownership interest in the project. It hires a general contractor to manage the project, but remains involved in the overall planning process.
Solar energy project builders
A firm that builds large-scale solar panel fields on others’ land — maintaining sole ownership of the solar panels and racking systems — or they build on their own land and lease the solar fields to the power companies.