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January 16, 2025

Sanjeev Devabhakthuni Interviewed for Insurance.com Article on LLC Insurance

Sanjeev Devabhakthuni, Professional Liability Practice Area co-chair, was interviewed for the Insurance.com article “Limited Liability Company Insurance: What Is It and What Does It Cover?” The article covered the following topics: 

  • What type of insurance do LLCs need?
  • What does LLC insurance cover? 
  • How does LLC insurance work?
  • Do you need business insurance for an LLC?
  • Factors that affect LLC insurance cost
  • How much does LLC business insurance cost?
  • LLC business insurance companies
  • LLC insurance requirements
  • How to get business insurance for an LLC
  • Frequently Asked Questions

About how LLC insurance works, Sanjeev said:

It’s important for small businesses to have liability insurance with at least $1,000,000 of per-occurrence limits for personal injuries and property damage – and potentially higher limits and/or umbrella/excess liability coverage, depending on the nature of the business. Without the correct insurance in place, a business risks exposure to a lawsuit and damages that could lead to an exposure of liability to business assets, or even bankruptcy.

Click here to read the full article.

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