LLC insurance

Business insurance for your LLC

Protecting your personal assets with an LLC was a smart move. You won’t lose your home or savings if your business gets sued.

You know what’s also a smart move? LLC business insurance. It protects your business assets – like your bank balance and your reputation – by taking care of the costs of a legal claim if you get sued.

And it’ll protect your people, your property, your data and your equipment, if you need it, too.

Insurance for LLC companies. It’s all-round protection for the business-savvy.

• Who needs LLC insurance?

  Do you visit with clients? Do they come to you?

  If the answer’s yes to either, or both, of those questions, you need general liability insurance for LLCs.

  Because one customer slipping and falling is all it takes to find yourself on the wrong end of a lawsuit. And without insurance that’ll cost you. You’re looking at medical bills, legal fees, court costs and compensation too, if you’re found at fault.

  General liability insurance can take care of the costs of a legal claim. If you accidentally damage a client’s property, it can pay for repairs, or replacement. And by adding equipment cover to your general liability policy, the tools of your trade are protected from loss or damage, too.

  Do clients pay you for your advice, or services?

  If the answer’s yes, you need professional liability insurance for LLCs (or errors and omissions as it’s also known). Without it, if a client claims you made mistake and sues, you’ll have to cover the costs of a legal claim. And if you’re a professional, clients can sue even when you’ve done nothing wrong.

  LLC professional liability insurance takes care of the costs of a negligence suit. You’ll get an attorney to defend you, your legal fees paid and compensation due, too.

  Do you use email? Own a website? Store sensitive client data?

  If you answered yes to any of those questions, you need cyber liability insurance for LLCs. Email fraud, ransomware attacks – they’re on the up. And small businesses like yours, with less money for strong cyber defenses, are easy targets.

  Cyber insurance can protect your company by giving you the support and tools to recover from an attack and stay in business. That includes paying for the recovery costs, which can be enough to cripple a small LLC.

• What does LLC insurance cover?

  There’s a policy to cover pretty much everything your LLC needs.

  General liability insurance covers damage to a person (other than you or an employee) or their property. It can cover loss and damage to your equipment, too.

  Professional liability insurance covers the cost of claims you made a mistake. It’s a must-have if clients pay you for advice or your service.

  Cyber liability insurance covers the cost of a cyber-attack. And gives you the tools and support to recover from one.

  Workers’ compensation insurance is a must if you have even one employee. It’s required in most states. But it’s a good policy to have as it protects you from the cost of workplace injury claims.

  Employment practices liability insurance covers the cost of claims for discrimination, sexual harassment and other employment-related suits.

  If you’re not sure which LLC liability insurance you need, talk to one of our advisors. We’re always happy to help. We’ll make sure you get the right coverage. Fast.

• How much does LLC insurance cost?

  The cost of your LLC small business insurance will vary depending on:

  • The size of your company
  • The industry you’re in
  • Your payroll cost
  • Your annual business income
  • The amount of coverage you need.

  Pay in one lump sum, or in quarterly, or monthly, installments. Whatever works best for your budget.