Just starting my own business and trying to understand when insurance is required and for what type of transactions.
Example.1. I am interested in buying foreclosed properties then reselling to a flipper/rehab person… Should I have or need any kind of insurance for this.
Example 2. I buy foreclosed property and flip it myself. I would guess I should have insurance for this on the property and also in case someone gets hurt on the property.
And in both if insurance is required what kind. Homeowner or commercial or contractor?