Liability insurance on properties own by a solo 401K Trust

[Allan Gibson]

I would like to hear from any knowledgeable members who a solo 401K trust.  My question is how did obtain liability insurance on rental properties that the trust owns?  Also can the Trust be sued for issues that arise from renting?

[Jason Bott]

@Allan Gibson a commercial policy can be set up with the Trust as the "Named Insured".  Also, most commercial policies will also defend the owner of any Named Insured.  Meaning, if you are named personally in a suit in regards to that property, the policy will defend you if you are the owner of the Trust.

You can also add your personal name as a second Named Insured. 

Lastely, if you put both the trust and you name on the policy, list the Trust first so it is the name that shows up on all invoices, certificates, etc.