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James Park
  • Investor
  • LIC, NY
0
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2
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insurance requirement for commercial tenant

James Park
  • Investor
  • LIC, NY
Posted

Hello! 

need a little help please. I have a mix use building in CT. the ground floor tenant is a bar/restaurant that recently moved in. 

they got a $2M General liability insurance and is asking if that's enough. or if they should get an umbrella. the property is valued at around $700k, fyi. 

where can i read up on best practices for such a case? or does anyone have experience? 

thank you

J

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