nickclarson
Junior Member
What is the name of your state (only U.S. law)? Minnesota
I am starting a supplement company and am having trouble deciding what insurance coverage I need to get (if any). I only am planning on having one product for the time being.
I heard that by getting an LLC you can protect your personal assets. Since I don't really have any business assets (besides the product itself), is this good enough for a small start up like me or do I need to get liability insurance?
If I need to get insurance what type of insurance do I need to get? I have heard it needs to have $1mill+ coverage.
Thanks!
Nick
I am starting a supplement company and am having trouble deciding what insurance coverage I need to get (if any). I only am planning on having one product for the time being.
I heard that by getting an LLC you can protect your personal assets. Since I don't really have any business assets (besides the product itself), is this good enough for a small start up like me or do I need to get liability insurance?
If I need to get insurance what type of insurance do I need to get? I have heard it needs to have $1mill+ coverage.
Thanks!
Nick