Unfortunately in NY, I was advised litigants sue you and the LLC anyway, so insurance agents I used say that I have to get insurance for my LLC, and in addition an endorsement that covers me personally.

Civil Engineer/Soil Scientist to determine the cause of the sink hole2, Attorney who deals in Real Estate suits.  

Be aware of litigation issues on condos.

When I told them the attorney stopped taking the litigant's calls, they laughed, and said the attorney works on a contingency and that's all they will do for a $10K claim.What happened?

I was wondering what kind of insurance (coverage) we should try to get to protect ourselves against any potential litigation as we don't think that setting up a LLC should be the way to go for now at least?

I am a civil engineer, but I am currently doing my masters and working on my side business that brings in 6 figures a year.

My husband (a civil engineer) and I are preparing for our first deal and hope to grab it in 6mo-1yr.

Ask any attorney who will give you an honest answer, and they'll say that a litigation lawyer is more likely to file a nuisance suit with little to no merit against a defendant with significant assets, than to file a legitimate suit with demonstrable merit against a defendant with little to no assets.Bottom line, in our super-litigious society, I think it's worth spending a few additional bucks to have plenty of liability coverage.

(b) (1) Except as provided in paragraph (2), this division shall not apply to a depository institution, as defined in Section 1420, a person licensed pursuant to Division 9 (commencing with Section 22000) or Division 20 (commencing with Section 50000), a person licensed pursuant to Part 1 (commencing with Section 10000) of Division 4 of the Business and Professions Code, a person who is subject to the Karnette Rental-Purchase Act (Title 2.96 (commencing with Section 1812.620) of Part 4 of Division 3 of the Civil Code), or a trustee performing acts in connection with a nonjudicial foreclosure pursuant to Article 1 (commencing with Section 2920) of Chapter 2 of Title 14 of Part 4 of Division 3 of the Civil Code.

We're trying to invest into a tort litigation fund.