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The policy through the business is large. If we didn't have insurance and have little assets would the person suing even bother going after us? Do we need a $2 million liability policy like the business has?
My husband worries that having a personal policy just makes us more likely to be sued. In your experience, if a suit happens and the individuals have few assets while the business has insurance, would the suit for the individuals be pushed, dropped, or what? Does it all happen in one legal proceeding (one trial, if it goes to trial) or does each individual involved get sued and followed up separately? It is not cheap to get this insurance, and if it is actually a liability then it doesn't make sense.