Liability Insurance for NYC Condos & Coops

Best Practices & Market Trends

Our in-house insurance experts offer insight into NYC's turbulent insurance market.

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For more than 40 years, FirstService Residential has provided superior management services to condominium, cooperative and rental properties across New York City. The board members and building owners we serve rely on our extensive experience, resources and local expertise to maximize their property values and enhance their residents’ lifestyles. Dedicated to making a difference, every day, we go above and beyond to deliver exceptional service.

Board Member Education

Search our archives to read articles about the topics that matter most to you: budgeting, communication, insurance, preventive maintenance, building community and more!

May 06, 2022
New York City boards and owners are experiencing great difficulty renewing general liability and umbrella insurance policies. FirstService Residential can help.
Market Trends & Best Practices: Liability Insurance for NYC Condominiums & Cooperatives in 2022
March 14, 2022
The multifamily residential sector in New York City made significant strides in 2021 as borough economics continued to recover and transition into a post-pandemic paradigm.
Looking Forward: Multifamily Construction, Delivery & Investment Activity in New York City
January 28, 2022
Beginning July 1, 2022, condominium and cooperative buildings in New York City must begin to pay building workers a prevailing wage or forfeit their eligibility for the Cooperative and Condominium Property Tax Abatement.
FAQ: The Impacts of New York City’s Prevailing Wage Law on Condominium & Cooperative Properties
January 12, 2022
As of December 27, 2021, New York City’s Department of Health requires building workers who perform in-person work to show proof of vaccination to their employer.
FAQ: How New York City’s COVID Vaccination Requirement Impacts Boards & Building Owners
January 03, 2022
How can you ensure that shareholders/unit owners comply with the established rules without your board becoming the "building bad guys"?
Enforcing Condo & Co-op House Rules the Right Way
November 22, 2021
As of November 2021, the New York City Council has extended Local Law 152 gas pipeline inspection deadlines for boards and building owners through June 30, 2022.
New York City Council Extends Local Law 152 Inspection Deadlines for Boards & Building Owners
November 08, 2021
The rising cost of flood insurance and forthcoming changes to FEMA flood maps is a topic of discussion for condos and co-ops in the New York City area.
Flood Insurance for Condos and Co-ops in New York City
October 22, 2021
As different sectors of New York City’s economy recover from the COVID-19 pandemic, strong signs of life are emerging in multifamily rental property investment.
Multifamily Investment Activity in New York City
July 30, 2021
With an effective reserve-fund strategy, boards can properly plan for unplanned equipment replacements and repairs to building systems and facilities.
Reserve Funds & Strategic Budgeting for Condominiums & Cooperatives
July 13, 2021
Local Law 97 impacts roughly 50,000 buildings across the city, a majority of which are multifamily residential properties.
Local Law 97 Updates: Building Energy Grades & Emissions Compliance
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Ask Our Experts: Umbrella Insurance for Condo & Co-op Buildings—Mitigating Risk from Excess Liability

June 07, 2022

Ask Our Experts: Understanding & Managing Energy Expenses in Multifamily Buildings

May 05, 2022
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