I started a business........

infoman · #1 (**permalink**) 07-02-2007, 09:25 AM

I started a business out of a residential home I bought. The business is separate from my home. So I rent the home to the LLC. Yet, my insurance provider, which insured it previously as a rental, is saying I have to insure the whole thing as a business. But I don't get it. What if I was renting it to someone else who had a business? Why would they be responsible for insuring the home and not just the business? As I said the business is an LLC and does not claim the home as an asset. Why can't I just get liability insurance for the business and a basic home insurance for the house? Bottom line I am worried that if I insure the whole thing under business insurance and if someone sues the LLC one day they may look at my home as an asset of the LLC. I did buy the home in my name not the business so don't know if that will protect my home.