Do I need business insurance for a sole proprietorship? Yes, and arguably more urgently than for an LLC. As a sole proprietor, there is zero legal separation between your personal assets and business liabilities. See our full sole proprietor insurance guide for a detailed cost comparison.
What is the best insurance for an LLC? For fast affordable online coverage: Next Insurance ($11+/month). For comprehensive coverage: The Hartford. For solo professional LLCs: Hiscox. For commercial auto-heavy LLCs: Progressive. For premium BOP coverage: Chubb.