Frequently asked.
The questions we hear most often from homeowners, landlords, contractors and businesses across New York and beyond.
How much does landlord insurance cost in NYC?+
Most 2–10 unit NYC landlord insurance policies fall between $2,500 and $8,000 per year depending on building value, location and loss history. We shop 200+ carriers to find the right fit.
How long does it take to get landlord insurance in NYC?+
For a straightforward 2–10 unit residential building with clean claims history, bound coverage in 2–5 business days is realistic — same-day binders are sometimes possible. Larger buildings, mixed-use properties, flood-zone addresses, or anything with recent claims take longer because more carriers want loss runs, inspection reports, and underwriter sign-off. The single biggest delay is incomplete information: have your address, year built, construction type, unit count, gross rental income, recent renovations, and 5-year claims history ready when you start.
Do I need workers comp for one employee in New York?+
Yes — New York requires workers compensation insurance for almost all employers with one or more employees, including most part-time staff. We can place a policy and issue a workers comp certificate of insurance the same day.
What is a certificate of insurance and how do I get one?+
A certificate of insurance (COI) is a one-page summary proving your coverage is active. Once you're bound with us, we can issue a certificate of insurance same day NYC clients and GCs accept.
What does general liability insurance cover for contractors?+
General liability insurance NYC contractor policies cover third-party bodily injury, property damage and related legal costs from your work. It's the baseline most GCs and landlords require before you step on site.
How long does it take to get an insurance quote?+
Submit your intake and a licensed broker will reach out within 24 hours with quotes and next steps.
How do I get a same-day COI in NYC?+
Once your policy is active, your broker can usually issue a Certificate of Insurance (COI) with the additional insured and certificate holder you need within a few hours — often the same business day. You''ll need the property manager or general contractor''s exact legal name and address, the job address, and any specific language required (e.g. "primary and non-contributory," "waiver of subrogation"). If you''re bidding NYC jobs regularly, ask your Asured broker about pre-loading common certificate holders so future COIs come back even faster.
What is the difference between a broker and an insurance company?+
An insurance company writes one set of policies. A broker like Asured is independent — we shop 200+ carriers on your behalf and represent you, not the carrier.
Do I need separate insurance for each rental property?+
Not always. Single properties usually get their own policy, but 2+ buildings can often be combined under a scheduled or portfolio policy. We'll structure it the cheapest legal way.
What states does Asured operate in?+
We're licensed in 15 states across the U.S. If you're unsure whether we cover yours, just ask.
Is there a fee to get a quote through Asured?+
No. Quotes are free and there's no obligation to bind coverage.
What carriers does Asured work with?+
We shop 200+ admitted and excess & surplus carriers — including most major names you'd recognize plus specialty markets for harder-to-place risks.