However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

As of right now we are heavily focused on being debt free so we are limited with cash.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

This is a limiting belief you have about yourself that you need to get over. 

Compared to an IRA, Solo 401k contribution limits are roughly 10 times higher and there is no custodial requirement for the 401k.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

Liability risk management for me involves an "onion layered" approach.Layer 1: Know the law, follow the law.Layer 2: Respond promptly and professionally to legitimate repair requests.Layer 3: Properties held in Limited Liability CompanyLayer 4: Carry adequate liability insurance. 

Some people still have limited plans and your text could cost them money.

I believe the limit for an engineer is a 4-plex (could vary by state).3 - Since it will require an architect to seal that means they take all the liability, which mean they take the liability for someone elses design.

I would say keep an open mind and don't limit yourself to California.