Most insurance companies have a minimum premium policy. Normally, I see a minimum of $500 per year, but recently I have been quoted a small business insurance policy for as low as $300 minimum per year. This is not the norm, but with the high market competitions, the carriers are looking for ways to attract more customers.
Does a single member LLC need insurance in Melbourne Florida?
Yes! Your first policy should be a General Liability Insurance or a Professional Liability Insurance policy for your single member LLC in Melbourne Florida.