The only damages they cover are damages resulting from personal injury or property damage.

@Jessica Zolotorofe It specifically says in my insurance policy bodily injury resulting from trampolines are not covered...

They also will be liable for any capital gains.On the flip side of the coin, in the event that there is a lawsuit against the property owner, because of an injury on the property for example, having the property in an LLC can be an added form of protection against your personal assets.My best advice for you is to seek the counsel of a real estate attorney to see what form of property ownership is in your best interest.

and with a little backing from google, you do know when you are being negligent:There are four important elements to a negligence lawsuit that must be proven: The defendant owed a duty, either to the plaintiff or to the general public The defendant violated that duty The defendant's violation of the duty resulted in harm to the plaintiff The plaintiff's injury was foreseeable by a reasonable person.I realize you are a lawyer and see a different side, and I respect what you are saying, and respect what you've done.

Your friends, family and day laborers are consider independent contractors and not employees so technically you sub the job to then but then that means they are require to get insurance themselves but that doesnt make sense if a friend is only hire for one day to paint 3 rooms.Whats the right insurance that would cover for any lawsuits and injuries in case a friend, family member or day laborer are hire for a job and something happens? 

Very rarely (in my practice, I had one such situation where the client wanted to, and that was a $15,000 auto policy) would any attorney pass up on a million dollar policy and try a case to a jury verdict.This is not legal advice, just a discussion of personal injury litigation.

Luckily no injuries.

You are better off with the cost of replastering then the cost of an injury.

Not to mention, it's a couple with an infant and parents are understandably overprotective.Not to add insult to injury but your biggest mistake is not having a backup HVAC vendor.

And like you said, if there is some injury to how I had things done, that would be bad.