You are investing in your future and last thing you need is a huge liability claim which can hurt your reputation, but also have a negative financial impact on you. Which can happen if you do not have the proper liability coverage. Do you?
Some things to keep in mind to help you stay protected:
- Deed your properties in your LLC. It will separate your personal assets from your business.
- Make it required your tenants have renters insurance. It provides liability coverage, which can give you a peace of mind. You should not be held responsible for the negligence of others!
- Invest in a Commercial or Personal Umbrella policy. It provides additional liability atop of what you already have for your properties, vehicles, watercrafts, etc.
A basic Umbrella policy will cover you for bodily injury, personal injury, advertising injury, and property damage.
Do not go without it!
The more money you make the more Protection you need!