Do I Need Business Insurance?
Question: My accountant wants me to buy some business insurance. Is that something I should have?
Answer: I, too, advise my clients to purchase business liability insurance. It can protect you and your assets in the event of a lawsuit. If you are a sole proprietor, your personal assets are at risk with a lawsuit. Even if you are a corporation or LLC, business liability insurance can protect and preserve your business assets and your sanity.