I opened up a roofing and remodeling company last year and got commercial insurance. I don't have any employees ( just a small company), I used subcontractors. I honestly thought the insurance was for home owner property damage. When renewing the policy a few months ago the person that originally set up the policy no longer worked there. A different person helped me renew and asked me if I required sub contractors to provide proof of insurance. I told her I didn't know I was supposed to, and I would look into it. I stopped roofing operations and started trying to find ones that had insurance and went back and read the policy again. I am now being audited by a third party company for last year. I do not know what to do. My wife and I are worried sick they can come after not just the company but us personally even though I have a LLC. I am trying to find out my options on how to address this. Should I call the company and tell them and hope for understanding or follow through with the audit and then try to explain it in court. This was just a honest misunderstanding and mistake but I am worried and don't know what to do first. I am actually considering closing my company after this as I thought the LLC would protect me personally. I know many others that own roofing companies in DFW and they do not have to require their subs to be insured. I feel like I was provided a different type of policy than other companies like mine in DFW.