Insurance for an LLC

[Caleb Smith]

My business partners and I recently formed an LLC to own properties. Right now, we have one property that we own together. We created the LLC for asset protection, but really want to make sure we are doing things right.

Just curious, what type of insurance do we need as an LLC?

Should we also have our own umbrella policies?

Just looking to get a better idea on what should be in place to protect ourselves.