I have a single member LLC and pay medical, dental, vision, life, disability and legal malpractice insurance out of my business operating account. Having legal malpractice insurance is required to run my business. So, is it a personal expense paid for through a Member Draw or a business expense paid for through a different type of account?

I record insurance payments in my operating account and assign them to my Member Draw equity account. Do I need to record the transaction anywhere else for my balance sheet to be accurate?