Insurances for an LLC

[tonynoriega]

I have heard from several different people..."Ohhh dont forget you need to get insurance.."

Besided medical and dental, life....etc insurance for my family, what are they talking about?

I read that an LLC in Idaho is insured up to 1 million dollars....

and after registering my new business with the state of idaho, it was noted that i do not need any permits or accounts.

i got my EIN....am i missing anything to get started?

[Jane_Doe]

It's a good idea to have an insurance policy for your business, in case your equipment gets stolen or your dog bite the UPS guy.

[jtara]

General Liability, and, possibly Errors and Omissions.

General Liability is a must if you ever deal with clients, vendors, whomever, in person. Somebody slips and falls on the ice on your front porch while visiting you on business.

Your personal liability insurance (usually included with your homeowners or renters insurance) may not cover this. For a sole proprietership, you can usually get a rider for "incidental business use", for little or no additional premium. Dunno, though, how this works if your are incorporated or have an LLC.