How do you protect your assets? Coverage questions!

[Roy H.]

I'm researching coverage and the last thing I need is someone getting an injury on an STR. So I want to be as bulletproof as possible.

If you want to protect yourself in case a renter gets hurt on your property, is a basic STR insurance policy enough (Proper, Foremost, etc.)?

Is 1M enough coverage? Or should you opt for 2M?

Do you do anything else to protect yourself? Should you form an LLC? Or is that useless?

Do you make them sign a liability waiver?

Is there anything else you can do to protect yourself and your assets?

Also, is it true that the AirBnB policy is trash?