$1,000,000.00 liability coverage seems about right, given the low overall risk of the past. It was likely a low margin industry, and given Texas' lawsuit reform, it doesn't pay to even insure in many cases.

They'll just file for bankruptcy protection anyway, under the law.

A $500,000.00 liability policy is all one needs to open with sufficient coverage. The risks of losing any assets is far, far less than having to pay the exorbitant insurance policy premiums.