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Originally Posted by mr_alleycat
I'm not a building inspector in New York, or an architect. I am one who would install, and maintain such a system. I also know if you didn't have safety systems in place, you wouldn't get an insurance company underwrite a policy.
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As an insurance professional who deals solely in high risk corporate insurance, I can tell you that this is patently false. It is in no way shape or form any version of the truth. There is an entire industry, generally referred to as Excess and Surplus Lines, that exists solely to insure things of this nature. I specialize in casualty coverages (liability) in this industry, but I have coworkers who specialize in property coverages. They find coverage all the time for buildings that lack safety systems, including plastics manufacturers in unsprinklered buildings with no water hookups or nearby bodies of water and served by volunteer fire departments.
It is much cheaper to have these systems in place, but the lack of them in no way makes them uninsurable. There is no such thing as uninsurable, only unaffordable.