Legal Question in Business Law in Florida

Protection Using LLC

Starting a small rental company in which we rent a few large yard display items for 24-48 hours. The items are for display only and will be marked plainly as such on both the rental agreement and the items.

To date, I have been unable to locate any liability insurance due to the unusual nature of the business.

In the event of a lawsuit, can they come after my personal assets or just the assests in the LLC?

Thank you!


Asked on 6/03/08, 8:05 pm

2 Answers from Attorneys
Robert Roemer Robert Roemer

Re: Protection Using LLC

I would suggest you set up a small asset protection plan to cover the business risks that are uninsurable.

I would suggest you e-mail me a phone # to reach you to discuss further.

robert roemer

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Answered on 6/03/08, 11:53 pm
James Waite Winters & Waite, LLC

Re: Protection Using LLC

I recommend you contact ARA (American Rental Association) Insurance Services at:

102 NW Parkway, Kansas City, MO 64150

Website:

http://www.ararental.org/ARAInsure/AboutAis.asp

I am currently writing a book on rental contracts for distribution by the ARA. Feel free to contact us if we can be of service.

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Answered on 6/04/08, 9:56 am


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