would liability insurance be enough?

[Michael Seutin]

I have only 3 properties and now I am thinking of asset protection, the thing is creating an llc is headache and cost quite a bit.
If I get a few millions coverage with liability insurance, wouldn't that protect me against any kind of lawsuits pretty good ? wouldn't that be enough ?
if I do need an llc, and I am buy myseld on it, can't a good lawyer go after my llc anyways ?
in short, what is the best strategy for a small investor with 2 sfh and a duplex ?