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Re: Do I need insurance? Avoid legal issues?
Originally Posted by Mike@ShineStruck
Insurance won't prevent you from getting sued nor will it cover burn through..
LLC or SCorp will prevent from being sued for personal assets.
You can get insurance like unbrella or garage keepers for legit accidents...but again, won't cover poor workmanship aka burnthrougg
This is terrific advice. Your personal assets are protected with an LLC or S Corp. With an S Corp, your business income gets rolled into your personal income and all business expenses are deductible. Get yourself some insurance. Anyone can sue you for any reason like work results, damage to the vehicle or tripping over a pebble in your driveway.
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