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Updated over 4 years ago,
What Insurance Will Cover if/when "Corporate Veil" is Pierced?
Hi All,
Context - I live in NY and invest in PA. Have a multifamily(2 units) in a LLC that was bought by the LLC directly. We are three partners and follow all the steps to protect the veil and also keep anonymity (one partner is a lawyer). Even then if corporate veil was ever pierced, is there an insurance that can cover my personal assets? perhaps commercial umbrella?
Note: have underlying liability of $1M already with the LLC as insured.