Forming an LLC helps separate personal and business assets, but it does not eliminate risk. Most LLC owners carry several types of insurance to protect the business itself.
Common policies for LLCs include:
- General liability insurance – protects against injury or property damage claims
- Professional liability insurance – protects service-based businesses if a mistake causes financial harm to a client
- Business Owner’s Policy (BOP) – bundles liability and property coverage
- Workers’ compensation insurance – required if the LLC has employees in Colorado
The right coverage depends on the type of business you run, your contracts, and your overall risk exposure. Many LLC owners work with Gild Insurance Agency to compare options and build coverage that fits how their business actually operates.
