What types of insurance do I need to open a bar/grill?

Question Details: We are planning to buy a bar/grill which has been closed for almost a year. We will be purchasing the building and the half acre it is on. We will be paying with cash. The previous owner still has a couple of pending lawsuits from when she owned the bar and a couple of people got hurt. We were told that if we pay cash that is the only way those lawsuits will not follow the building or make our insurance outrageous or almost impossible to get. Is this true? Also, what types of insurance do we need and what other legal processes do we need to be aware of. Do we need insurance on the building and separate for the business itself? Is there specific insurance for bars or bars/restaurants. Are there certain things that will make our insurance more affordable. Such as people with certain certificates or training. Do we need to have an attorney on retainer at all times? Is it best to have one locally or is there an online place to do it for cheaper and have them take care of everything and make sure we have everything needed to cover our butts in any situation. Are there any other questions that I haven't thought of that I need to be aware of?

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