Llc Owner Insurance Options

Summary

In Arkansas, LLC owners who are the only employees may not need workers compensation insurance. However, they should consider general liability, professional liability, and property insurance to protect their business. Consulting with a local insurance advisor is recommended for personalized advice.

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What would be the best insurance for the owner of an LLC to carry if he is the only employee
For an LLC owner who is the sole employee, consider these insurance options:
- General Liability Insurance: Protects against claims of property damage or bodily injury.
- Professional Liability Insurance: Covers legal costs related to professional errors or negligence.
- Property Insurance: Safeguards business assets and premises.
Consult an insurance advisor for personalized advice.