Mobile Home Park Owner Insurance New Hampshire

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Mobile Home Park Owner Insurance New Hampshire Policy Information

NH Mobile Home Park Owner Insurance

Mobile Home Park Owner Insurance New Hampshire. If you own a manufactured or mobile home park, then you must protect your business. With the rapid growth in this industry, you must ensure your business is covered from the different risks and liabilities you face. Having insurance for your mobile home park business prevents you from devastating financial loss in the event of a lawsuit. In this post, we'll discuss the different types of mobile home park owner insurance New Hampshire you can consider getting to protect your business.

Mobile home parks or courts provide lot space for mobile home residents. Some may rent lots and hook-ups to utility services on either a long-term or an overnight basis. Others offer mobile home transport services, tie-down services, repair services, skirting services, or sales or rental of owned mobile home units.

Mobile home parks or courts can have buildings for laundry or recreation. They may have a swimming pool, retail convenience or grocery store, tennis courts, playground or other recreational facilities. Some parks occupied on a seasonal basis permit mobile homes or campers to be left on premises for storage in the off-season.

Mobile home park owner insurance New Hampshire protects your property from lawsuits with rates as low as $57/mo. Get a fast quote and your certificate of insurance now.

Why Insurance Is Important For Mobile Home Park Owners?

Renting land to NH manufactured home owners, mobile homes or traditional trailers means you must have insurance almost identical to that of a landlord. The people who own homes in your park must protect their property with insurance. Your responsibility is to cover the areas that make a home park, a place for people to live in.

Finding mobile home park owner insurance New Hampshire at the typical insurance company might prove difficult when owning a mobile home park. Most insurance companies rather not take on the risk of insuring a home park. Luckily some insurance companies specialize in this type of insurance. Working with an insurance company like this can help you to put together a package to sufficiently cover your mobile home park. An experienced insurance agent can help you to figure out what you need for your business to keep it protected.

Keeping Your NH Mobile Home Park Business Property Safe

Being the owner of a home park does not make you responsible for covering the homes or the contents of the homes that rent from you. Although this is the case, there are other parts of your business you want to be sure are covered. Some of these include:

  • Underground utility lines and utility pedestals
  • Electrical distribution equipment
  • Central office buildings and their contents
  • Roads and walkways
  • Appliances on property
  • Homes on your property that you lease out as a part of your business

Protect Your Manufactured Home Park With The Right Liability Insurance

When you own a NH mobile home park, there are many liability risks you face. For this very reason, you must have protection. Owning a home park means at any given time there could be lots of people on your premises which put you at an even higher risk of liability lawsuits. If a person is injured while on your property, you could face the financial costs that come with it.

The good news is with commercial property liability insurance included in your premise liability coverage you are covered from most risks. With this coverage, you're covered from legal fees, court costs, medical treatment and other financial damage that happens because of negligence on your property. Here are other types of mobile home park owner insurance New Hampshire coverages you can include in your business insurance portfolio for maximum protection:

Auto Liability Insurance: Having this coverage for your business covers the vehicles you use for business operations. If your employees use their vehicles to conduct errands for your company, then you may need to get for-hire or non-owned coverage to keep your employees safe. If a vehicle used for your business causes damage to a third party or their property you are covered with auto liability insurance.

Employee Practices Liability Insurance: This insurance, protects you if an employee or a former employee sues your business for wrongful termination or perceived discrimination. Any costs as a result of this type of lawsuit are covered when you have this insurance.

Workers Compensation: In most states, you must have this insurance for your business if you have an non-owner employees. With this insurance you are protected if an employee is injured while on the job. If an employee is injured and has to go to the hospital, then they will be covered if you have this insurance as a part of your business' insurance portfolio.

NH Mobile Home Park Owner's Risks & Exposures

Premises liability exposures can be high due to the number of mobile home residents and guests visiting the property. Water purity is a particular concern if the park is responsible for the water supply. To prevent slips, trips, or falls, all premises must be well maintained with floor coverings in good condition.

Security is rapidly becoming the responsibility of the owner or operator of the premises. There should be adequate interior and exterior lighting. Parking lots, sidewalks, and access roads need to be in good repair, with snow and ice removed, and generally level and free of exposure to slip and fall. If the operation owns and rents mobile homes, all units should meet life safety codes and be in compliance with codes on smoke and fire detection, fire extinguishers, and carbon monoxide detectors. If there is a community building, laundry, playground, or other amenities, they must be properly maintained and limited to tenant use only.

If the facility is located near water, such as a lake, warning signs should be posted. Personal injury losses may occur due to alleged wrongful eviction, invasion of privacy, or discrimination. Clear guidelines for tenant acceptability are important.

Property exposure consists of the rental office and other community buildings such as laundry and recreational activity buildings. Housekeeping is critical if there is a central laundry area. Washers and dryers must be properly maintained. There may be owned rental mobile homes. These must be in good condition with heating and wiring up to date. There should be a smoke/fire detector in each owned unit.

If alarms are battery-powered, there must be documented records of periodic maintenance. Since mobile homes are particularly vulnerable to windstorm loss, all owned units should be securely tied down. Items provided by the building owner, such as kitchen or laundry appliances, may be stolen by tenants or outsiders. Seasonal parks with unoccupied mobile homes and campers must have procedures to guarantee regular checks on the units.

Workers compensation exposure hazards are normally service, janitorial, or maintenance-related. Back pain, hernias, sprains, and strains from lifting and working from awkward positions are common injuries. Interaction with tenants can be difficult. Employees should be trained in dealing with difficult situations. Animals owned by tenants can bite, scratch, or kick workers. Employees connecting, disconnecting, or transporting mobile homes can be injured by falling objects, contact with electrical wiring, or in automobile accidents.

Crime exposure is from employee dishonesty and money and securities. Background checks should be conducted on all employees. Rents are generally collected the first of the month, and there may be large amounts of cash on hand due to the high risk of accepting bad checks. Deposits should be made promptly with appropriate security provided. Receipts must be given when rent is paid, and the money received must be reconciled with the receipts given. Ordering and disbursements should be handled by separate individuals. If units are owned, locks should be rekeyed when there is a change in a tenant.

Inland marine exposure includes accounts receivables for rents due, computers and valuable papers and records for (leases, mortgages, and tenant's information). Contractors' equipment coverage may be needed for items used to maintain and repair the property. All data should be duplicated and kept off site for easy replication following a loss.

Commercial auto exposure is generally limited to hired & non-owned for employees running errands. If there are owned vehicles, such as those used for servicing, any driver must have a valid driver's license and acceptable MVR. Routine maintenance on owned vehicles should be documented. In the event the insured assists in the transport of mobile homes, special permits and licenses may be required. Any such driver must have special training and follow the criteria for this type of transport.

NH Mobile Home Park Insurance

Protecting your business is important. Failing to protect your business puts you at risk. If you are the owner of a mobile home park business, then you must protect your business with the right insurance. The next step is getting in contact with an experienced insurance agent to determine the insurance needs of your business.

New Hampshire Economic Data, Regulations And Limits On Commercial Insurance

Made In New Hampshire

You have an entrepreneurial spirit and a great idea for a business, now you just need to decide on a location for your headquarters. Before you pick a location, it's important to take several factors into consideration and weigh your options.

If the area doesn't offer a market that the products and/or services you intend on offering will appeal to, and the overall economic climate isn't healthy enough to support a business, there's a good chance you aren't going to achieve the success you desire.

How can you determine where to set up shop? By assessing the economic trends of a location, as the economy of an area offers good insight about the potential for success. Additionally, you should consider the commercial insurance requirements of an geographic location so that you know what type of policies you'll need to have in place.

If you're thinking about starting a business in New Hampshire, read on for an overview of the state's economic trends and mandated commercial insurance policies.

Economic Trends For Business Owners In New Hampshire

As of December, 2019, the unemployment rate in the Granite State was 2.6%, which was 0.9% below the national average of 3.5%. This statistic indicates that the economy of New Hampshire is healthy, as there are enough job opportunities to support the residents of the state, and those employment opportunities directly reflect the health of businesses in the state.

Additionally, New Hampshire offers a diverse workforce that is comprised of individuals from varied backgrounds, so prospective business owners should have ample opportunities to secure employment for their organizations.

In addition to the low unemployment rate, the Granite State offers many other features that will appeal to business owners; low taxes, an above-average per capita personal income, and the close proximity to large regional markets, just to name a few.

While businesses of varying sizes and in various industries can find success in the state of New Hampshire, there are some sectors that show particular promise. The leading industries in the state are as follows:

  • Bio Science and health care
  • Education
  • Energy
  • High-tech manufacturing
  • Hospitality and tourism

The best locations for business owners within NH include metropolitan regions and the surrounding areas. This includes Portsmouth, Portland, Concord, Derry, and Londonderry.

Commercial Insurance Requirements In New Hampshire

The New Hampshire Insurance Department regulates insurance in NH. New Hampshire mandates very few forms of insurance coverage by law. They enforce worker's compensation.

New Hampshire requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.

New Hampshire also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.

Additional Resources For Commercial Property Insurance

Read up on small business commercial property insurance, including how business property insurance protects your company's building's and/or their contents from damage, destruction, theft and vandalism.


Commercial Real Estate Insurance

Rental property owners, real estate developers and property managers should keep an accurate survey of each property they own or that is in their care. This survey should include inventories of furnishings and equipment at those properties. These documents establish the extent of their insurable interest, facilitate the arrangement and placement of insurance and minimize controversy and confusion if a loss occurs.

Insurance coverage on property, general liability and professional or errors and omissions liability should be arranged and placed for every real estate and rental property risk.

The main goal of any commercial property insurance program is to protect the insured's real and business personal property. Buildings and their contents property usually represents a significant portion of its total assets, regardless of the size of the business. A commercial property program can provide the coverage you need if a loss should occur.

The ISO Commercial Property Building and Personal Property Coverage Form is an insurance industry standard that provides this needed coverage. As a result, it should always be reviewed and used as a benchmark for comparison when evaluating any commercial property coverage form.

This policy treats business personal property as more than just the contents of a building. When there is a limit of insurance on the declarations, property can be covered if inside the building or structure or within 100 feet of the building or premises and either in the open, or even in or on a vehicle.

There are many endorsements available to tailor the ISO Commercial Property Coverage Forms. Some are mandatory for all policies while others are mandatory for specific classifications and types of business. Others are optional and permit a standard form to be customized to meet a specific risk's coverage needs. Endorsements broaden, restrict, delete, modify, or add coverage.

These policies can provide the following additional coverages for small specific limits of insurance: debris removal, preservation of property, fire department service charge, pollutant clean up and removal, increased cost of construction and electronic data.

Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Signs, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Non-owned Auto & Workers Compensation.

Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Contractors' Equipment, Fine Arts, Cyber Liability, Employment-related Practices, Automobile Liability and Physical Damage, and Stop Gap Liability.


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Also find New Hampshire insurance agents & brokers and learn about New Hampshire small business insurance requirements for general liability, business property, commercial auto & workers compensation including NH business insurance costs. Call us (603) 601-4771.

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