Insuring LLC or Me?

[Britt Griscom]

My insurance provider will either insure an LLC or a person, but not both. I'm afraid to put the policy in the LLC's name because I want to be covered personally. I would be exposed if the insurance weren't in my own name, wouldn't I?

[John Mireles]

Originally posted by Joe Bertolino:

Who owns the property, you or the LLC? Only the owner has an insurable interest.

Yes - but if the policy is in the name of the LLC, the individual should be able to be named as an additional insured. And if the property is owned by the LLC and the insurance is in the LLC's name, I'd still want some sort of umbrella or other coverage to protect me personally in the event that there was some exposure above, beyond or around the LLC policy.