Legal Question in Business Law in Florida

LLC without insurance

If an LLC does not possess liability insurance, does this negate the liability protections afforded to such entities?


Asked on 9/28/07, 4:13 pm

3 Answers from Attorneys
Andrew Jackson, J.D., LL.M. Jackson Law Group, LL.M., P.A.

Re: LLC without insurance

THIS IS NOT LEGAL ADVICE. CONTACT AN ATTORNEY REGARDING YOUR INDIVIDUAL SITUATION.

Absolutely not, members of LLC's are still afforded personal liability protection from creditors (absent intentional, fraudulent conduct, etc.).

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Answered on 9/28/07, 4:22 pm
Johm Smith tom's

Re: LLC without insurance

No, it just means they don't have insurance and would have to pay from company assets.

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Answered on 10/03/07, 10:27 am
Scott R. Jay Law Offices of Scott R. Jay

Re: LLC without insurance

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

No. An LLC will still insulate its members from all sorts of liability (similar to a corporation).

Scott R. Jay, Esq.

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Answered on 9/28/07, 11:48 pm


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