NYC Sidewalk, Lead Paint Laws Create New Exposures
On top of the hard market increases that have pummeled property owners in recent years, at least one broker is alerting customers who own buildings in New York City to the impact that two recent law changes could have on their liability premiums.
Recent changes in New York Citys building codes are placing more liability responsibilities on landlords, as the city shifts liability for sidewalk claims off its shoulders and dramatically toughens responsibility for making sure apartments are free of lead paint.
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