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Larry Dutton
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General Liability Insurance for Real Estate Wholesalers

Larry Dutton
Posted

I'm struggling to be a wholesaler, but it is hard here in Philadelphia. They have this stupid law about wholesalers. The City wants me to have General Liability Insurance: $1,000,000 per occurrence. I don't know any insurance company that offers this. Do you have any suggestions? 

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Stuart Udis
#3 General Real Estate Investing Contributor
  • Attorney
  • Philadelphia
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Stuart Udis
#3 General Real Estate Investing Contributor
  • Attorney
  • Philadelphia
Replied

@Larry Dutton Yes wholesaling is difficult. Generally businesses with zero barries of entry are dificult because anyone can participate. Liability insurance is intended to protect consumers in th event claims arise involving bodily injuries and property damage resulting from your products, services or operations.  Why is this stupid? Why should you be expempt when just about every other business service provider carries insurance?

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