Many business owners opt to structure their enterprise a limited liability company (LLC) to protect their personal assets and make use of tax advantages. But even then, opting not to insure your business leaves you open to a number of potentially damaging risks. For example, if someone gets injured in your office and your business does not have general liability insurance coverage, your corporate assets like cash, equipment, and materials could get liquidated in order to pay for that person’s compensation.   There are even a number of circumstances under which you can be held personally liable and have your personal assets seized, even if your business is an LLC. For those reasons and many others, your business should ideally have either general or professional liability insurance so you remain protected against any possible claims and lawsuits that might come your way.