If your negligence or intentional action causes damage you can be sued and you are personally liable

This is a common misconception. A corporation doesn’t protect you from personal liability. If you intentionally or negligently damage someone’s property they can sue you personally. In many cases they can sue both, and it’s easier to collect from an established business, but that doesn’t do you any good as a freelancer.

Nuisance lawsuits aren’t much of an issue because insurance covers the legal defense and indemnifies you

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Well the publisher also pays for the book to be bound, edited, overhead for their staff, cover art. Many books don't sell for the full retail price and are discounted. So net of all of this a 10% profit margin is common, they aren't keeping 90% of the book sales.

A surprising number of bands aren’t on Spotify or any streaming sites. Or they will be on YouTube with under 100 views

But anyone that personally causes damage through negligence or intentional acts can be sued personally as well. If the employer is bankrupt the employees involved would be the only ones pursued. And these damages are relatively small individually, bankruptcy is not an issue.

Also there are some exceptions to the limited liability for company owners or directors like for illegal activity and fraud.

But it’s usually a bad deal for the homeowner compared to a more conventional lease or purchase with a fixed rate. The incentives don’t match up, there is also the issue of the lease buyout if the home is sold.