Business owners form LLC’s or corporations in order to shield themselves from personal liability, but many are left unsure of what to do about business liability. What if a customer trips and falls on the business premises? What if an employee sues the business, claiming some sort of wrongful conduct? What if a customer or client makes a claim about the products or services of the business? Even though the formation of a corporation or a limited liability company offers the small business owner substantial protection from personal liability, most business attorneys and advisors strongly recommend adequate insurance coverage as well.
