do you need to insure a vacant lot
Explanation. A liability insurance policy protects owners of vacant land against civil lawsuits that could potentially be brought against them. Liability insurance covers claims of bodily injury that occur on the vacant lot.Without a liability insurance policy, a bodily injury lawsuit could bleed your company's bank account dry by the time you are done paying attorney bills.usinesses. Some types of businesses that may want to consider liability insurance on a vacant lot are landlords and real estate investors who own property that has not been developed.