Is a LLC required to have business insurance?

No, forming an LLC does not automatically require you to carry business insurance in Pennsylvania. However, an LLC may be required to carry workers’ compensation insurance if it has employees, and other coverage may be required by landlords, lenders, clients, or contracts. Many LLCs carry business insurance to protect personal assets and manage financial risk.

By Heather

Heather focuses on small business insurance at Gild Insurance Agency, writing clear, practical guidance that helps business owners understand coverage, manage risk, and protect their businesses.