looking for info on CRE development insurance and costs
Hello

I am starting as a small developer (Residential - new construction build to let 10-year hold)

Does anyone know any good resources to learn more about the insurance options available and which types would be best to get? USA specific (NY)

So far I can see the following is a basic req:

\- PLI , Environmental protection, Flood Insurance, BIP, Construction Policy, Business interruption
[{"id": "iy3fq9s", "text": "Most developers would not carry PLI, environmental, or business interruption. Flood only when required by lender. You'd want builder's risk during construction, property coverage after construction, and always a GL policy. All subs should provide you with a cert that covers GL and worker's comp. You should be listed as additionally insured, not just as certificate holder. Your subcontractor's agreement should be airtight on insurance coverage limits and liability coverage. Have an agreement with every single sub and get a cert every single time. Tenants should be required to get renter's insurance.", "replies": [{"id": "iy3hl8d", "text": "Thanks for the info!\n\nFor preliminary cost estimation - would you think 1% of Hard costs to be a sensible assumption?", "replies": [{"id": "iy3hsrn", "text": "I figure 2% for builder's risk, but it goes up quickly when you go over schedule. Extensions are expensive.", "replies": [{"id": "iy3jzh1", "text": "thanks!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iy68tfw", "text": "This is the way", "replies": [], "depth": 2}], "depth": 1}]