Posted by Tony-VA on March 24, 2002 at 20:56:25:
I highly recommend you take Insurance advice from Insurance Agents, Tax advice from accountants and Legal advice from Attorneys.
There are many ways you can be exposed to liability that insurance policies do NOT cover. Additionally, your insurance policy does not afford you better tax treatment, nor pension plans etc.
You are operating a business and should consider dealing with the public as a business utilizing legal entities that are designed for this purpose.
My 2 cents.