Incorporating your business has benefits like the creation of a separate legal entity. This separate entity means you're no longer personally liable if someone sues your company. Instead, your financial losses are limited to what's in the business.
Some mistakenly believe they no longer need professional liability insurance as a result.
Although you may remain safe personally, a lawsuit can force your business to declare bankruptcy and forfeit any assets it holds. This is how insurance protects your business, even if you’re incorporated.