There are systems that can shut off a pump by looking at the current being drawn. When you run out of water, or almost run out of water, the pump gets shut down for an adjustable interval.
https://cyclestopvalves.com/pages/cycle-sensor-pump-monitor is one of those.
Another option is to put in a float switch to shut off the pump when the water reaches a lower limit. With this, I could see wiring in a bypass such that if irrigation drops the well water to only 70 gallons remaining, you could operate the switch to pump up drinking water after manually closing the outdoor spigot.
Another variation, especially if you have an irrigation controller, is to inhibit irrigation if there is less than 100 gallons remaining. Lacking a regular controller, you could use a solenoid valve, and let the float switch control that.
Now let's consider a different aspect. A 1/2 hp 10 gpm pump will probably give you as much or more flow than a 1 HP jet pump. You would want a flow inducer (cheap and easy), and that pump could be suspended horizontally. The big bonus is that no priming needed. You still don't want to run dry for long.
Additional advantage for submersible: it is quiet.