Yes, in most cases. An LLC separates business liabilities from personal assets, but it does not pay legal defense costs, replace stolen equipment or satisfy a client’s insurance requirement. General liability for an LLC typically runs $20 to $50 per month, with broader business insurance plans up to $135 per month.
FAQ_category: (HIDDEN) Industry FAQs
General liability insurance in Indiana commonly covers customer injuries, damage to someone else’s property, certain personal and advertising injury claims, products and completed operations, and legal defense for covered claims. It does not cover employee injuries, auto accidents, professional errors or damage to your own business property.
Yes, most Indiana businesses with employees must carry workers’ compensation insurance. The Worker’s Compensation Board of Indiana states that eligible employees are covered from their first day on the job. Part-time and seasonal workers are not automatically excluded, and misclassifying independent contractors can create serious liability.
Business insurance in Indiana typically costs $20 to $135 per month. General liability insurance often starts around $20 to $60 per month, and broader business insurance plans typically run $100 to $135 per month. Industry, payroll, revenue, location, coverage limits and claims history all affect the final premium.
Indiana does not require one insurance package for every business. Most businesses with employees must carry workers’ compensation, and business vehicles must meet the state’s 25/50/25 auto liability minimums. General liability is not required by state law, but landlords, lenders and clients often require it by contract.