{"id":1538,"date":"2020-02-12T15:45:00","date_gmt":"2020-02-12T21:45:00","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=1538"},"modified":"2020-06-08T16:21:18","modified_gmt":"2020-06-08T22:21:18","slug":"home-businesses-landlords","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/home-businesses-landlords\/","title":{"rendered":"Home Businesses (Landlords)"},"content":{"rendered":"\n

A variety of businesses\nare routinely operated in homes. This article discusses aspects of particular\noperations. Refer to Home Businesses – Basics for background information\non coverage as well as our other articles discussing different in-home\nbusinesses.<\/p>\n\n\n\n

\"Unlike
Today’s Landlords are held responsible for their actions<\/figcaption><\/figure><\/div>\n\n\n\n

Landlord<\/strong><\/p>\n\n\n\n

The homeowners policy is\ndesigned to cover landlord-occupied residential buildings, landlord-owned\npersonal property, and loss of rents (after a fire or other covered cause of\nloss), premises liability and medical payments. Note that the maximum occupancy\nthat may be covered under an HO policy is a four-family dwelling. A\ndwelling policy may be used for 1-4 family structures that are not also\noccupied by the landlord.<\/p>\n\n\n\n

For landlords with\nresidential property containing from five to sixty units,\na Businessowners policy (BOP) is usually appropriate. It insures\nbuildings, landlord personal property, loss of rents (after a fire or\nother covered cause of loss), premises liability and medical payments.<\/p>\n\n\n\n

Most Bed and Breakfasts\ndo not qualify for coverage either in the homeowners or dwelling insurance\nprogram. Bed and Breakfasts will require a combination of tenants coverage for\nthe resident owner\/manager, and a BOP to cover buildings, landlord owned\npersonal property in boarders’ rooms, loss of business income (rents and fees)\nand the extra expense to operate (after a fire or other covered cause of loss),\npremises liability and medical payments.<\/p>\n\n\n\n

\"Understanding
Contracts often drive rental insurance policies<\/figcaption><\/figure><\/div>\n\n\n\n

For landlords who have\noffice or retail tenants, the BOP provides broad coverages for\nbuildings, landlord personal property, loss of rents (after a fire or other\ncovered cause of loss), premises liability and medical payments.<\/p>\n\n\n\n

Worker compensation is necessary for any employee. Talk with your agent. Most states require workers compensation for resident managers even if you provide only free lodging as payment. Make sure you have certificates of insurance for any subcontractors (painters, plumbers, etc.) you hire to do work for you. If the subcontractor has no insurance, you may be responsible for the subcontractor’s work-related injuries.<\/p>\n\n\n\n

\n\n\n\n

COPYRIGHT: Insurance Publishing Plus, Inc. 2016<\/em><\/p>\n\n\n\n

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A variety of businesses are routinely operated in homes. This article discusses aspects of particular operations. Refer to Home Businesses – Basics for background information on coverage as well as our other articles discussing different in-home businesses. Landlord The homeowners policy is designed to cover landlord-occupied residential buildings, landlord-owned personal property, and loss of rents (after […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,18,1],"tags":[2108,2103,2093,2087,2110,2105,2095,2107,2101,2092,2100,2112,2111,2106,2102,2091,2109,2104,2094,2079,2081,2084,2086,2083,2082,2085,2090,2096,2099,2097,2098,2078,2077,2089,2080,2088],"class_list":["post-1538","post","type-post","status-publish","format-standard","hentry","category-business-insurance","category-commercial-insurance","category-insurance","tag-do-ga-landlords-need-commercial-or-homeowners-insurance","tag-do-ga-landlords-need-homeowners-or-business-insurance","tag-do-ga-landlords-require-renters-insurance","tag-do-i-need-landlord-insurance","tag-do-in-landlords-need-commercial-or-homeowners-insurance","tag-do-in-landlords-need-homeowners-or-business-insurance","tag-do-in-landlords-require-renters-insurance","tag-do-ky-landlords-need-commercial-or-homeowners-insurance","tag-do-ky-landlords-need-homeowners-or-business-insurance","tag-do-ky-landlords-require-renters-insurance","tag-do-landlords-need-a-homeowners-or-business-insurance","tag-do-landlords-need-business-or-personal-insurance","tag-do-landlords-need-commercial-insurance","tag-do-landlords-need-commercial-or-homeowners-insurance","tag-do-landlords-need-homeowners-or-business-insurance","tag-do-landlords-require-renters-insurance","tag-do-sc-landlords-need-commercial-or-homeowners-insurance","tag-do-sc-landlords-need-homeowners-or-business-insurance","tag-do-sc-landlords-require-renters-insurance","tag-ga-landlord-insurance","tag-in-landlord-insurance","tag-insurance-for-ga-landlords","tag-insurance-for-in-landlords","tag-insurance-for-ky-landlords","tag-insurance-for-landlords","tag-insurance-for-sc-landlords","tag-insurance-requirements-for-renters","tag-is-workers-comp-required-for-resident-managers","tag-is-workers-comp-required-for-resident-managers-in-in","tag-is-workers-comp-required-for-resident-managers-in-ky","tag-is-workers-comp-required-for-resident-managers-in-sc","tag-ky-landlord-insurance","tag-landlord-insurance","tag-required-insurance-for-renters","tag-sc-landlord-insuance","tag-what-type-of-insurance-should-my-renters-have"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t