Protect your assets from LLC

[Prakash B.]

Hello BP Folks,

For those who have an LLC registered for your real estate, how do you guys make sure that your assets are protected. As far as i understand, just having a property under an LLC does not protect your assets if something happens or somebody sues you. Do you guys buy some sort of LLC insurance for it? Whats the best way of handling it. Do you guys get lawyers consultation? If yes, how much do they charge for it?

Thanks!