Errors and Omissions coverage for Note Holding LLC
Hey Guys and Gals - I am wondering what type of insurance you may have on your LLC. Specifically an LLC that holds notes for cash flow. I am assuming the coverage would be for Errors and Omissions, since there really are no moving parts like an office, staff lawsuits trip and fall, or renters suing you. What is more likely is a homeowner suing for some misstep in lending.
I am curious how others have utilized insurance to help minimize risk for their LLC?
Thanks!
Josh