tire shop insurance?

Question

I am starting a mobile tire road service. I have the quote for the liability insurance. But what addtional insurance do I need to protect myself and my personal assets from being sued?

Answer 1

The most important thing to remember is that you WILL eventually be sued. That's a fact of owning a business. Be sure you're registered as either an LLC, s-corporation, or c-corporation. At least that way if you get sued, they can't go after your personal assets. The worst that can happen is that your business will close. Make sure you move as many assets as possible out of the business and into personal accounts.