Buying and Operating a business in California?

I’m exploring the possibility of buying a business in California, partly because we’d like to relocate to warmer weather. As I research, I’m struck by how litigious the environment seems here. I’m trying to think through worst-case scenarios and understand how I can better prepare. For example: if a business faces an employee lawsuit—wage and hour, meal breaks, or similar—and the business cannot afford to pay, does filing for bankruptcy typically just result in the plaintiff’s lawyer settling for a smaller amount rather than pursuing a lengthy court case? Also, are there any insurance or umbrella policies that can help protect against PAGA or class action lawsuits? From what I gather, no matter how carefully a business operates, there’s still significant risk, and the burden often falls on the employer to prove compliance. It almost feels like a lose-win situation, where even if you win, you still lose time and money. Would love to hear your perspective on how business owners in California manage this risk. TIA.