WHY DO HOME INSPECTORS NEED PROFESSIONAL LIABILITY

Since 2006, Home Inspectors have been looking to First Indemnity to get them the quality Errors and Omissions coverage they need to protect their businesses and their financial future. Starts with a foundation of Errors and Omissions

Our E&O insurance for home inspectors policy will provide your company, your employees, and you with protection against lawsuits or claims that are based on omissions or mistakes made in your inspection which resulted in financial damages for the client. The policy can even be prepared to provide protection from fees charged by attorneys or a settlement amount if you are determined to be guilty of an error or omission.

Home Inspector Comprehensive Insurance Coverages Provided

Termite/WDI – Damage to a home caused by insects or termites that are discovered after the report is completed, this coverage can be added to extend to these services for properly trained inspectors

Commercial – Inspect a commercial building rather than a home, limitations may apply where

Radon – Testing for radon gases, whether it’s due to your device malfunctioning or some other margin of error

Lead Paint – An older home still contains lead paint in some capacity and you miss it during your inspection

Pool/Spa – A home you are inspecting has a pool or spa, and your inspection fails to uncover issues in the pool’s decks, steps, interior finish, cleaning system, diving boards, or other features

EIFS/Stucco – You inspect a home built with exterior materials that are prone to moisture, like EIFS or Stucco, and there are errors in your testing

Green Building Inspections – Inspecting for energy efficiency

Indoor Air Quality Testing – Air samples are taken in the property and sent to a lab

Infrared Thermography – Infrared technology can help you immensely with your home inspections, and these services can be added to extend to these services for properly trained inspectors

Rodent Inspections – If there is rodent damage in a home, or signs of an infestation occur after an inspection, coverage can be added to extend to these services for properly trained inspectors

Mold – Air samples are taken in the property and sent to an approved lab to determine if mold is located, coverage can be added to extend to these services for properly trained inspectors

Septic/Water Testing – Water and septic systems vary in complexity, and specific coverage can be added to extend to these services for the properly trained inspector

Why Pay More?     Save 10% to 25%!

We have access to a A rated Admitted and Non-Admitted Carriers that have decades of experience Protecting Home Inspector. Avauilable in all 50 States

New Inspectors are a preferred customer!

Multi Inspector firm? 
Various and difficulty to insure Add on's? We have the carriers you need at a price you can afford.

Commercial- ASTM- Achitect/Engineer and HI? Not a problem

Experienced Solo? We have you covered!

Have a claim or 2? We have carriers that specialize in getting your through this time.

Discounts Given For:

Accredited Association Memberships

Education Participation

Holding Additional Licenses (electrical, contracting, plumbing, HVAC, industry-relevant)

Software Use

Technology/Equipment Use (Cameras, etc)

Group Discounts:

You have multiple inspectors? We rate 2 inspector groups for the price of 1! Your business is growing and needs cash flow? We can add all inspectors mid-term for no additional cost until renewal. Do you have a large group of inspectors? Our group rates are SENSATIONAL!

How Much Will an E&O Insurance Package by First Indemnity Cost You?

Prices for home inspector E&O insurance will vary based on specific factors.The policy can be tailored to your specific businesses needs and services offered, including:

A variety of deductibles options from $1,000 to $50,000

Limits from  $100,000 to $2,00,000/$4,000,000 available.

Rates start at $600

Number of Inspectors

Claims History

Retroactive date of your prior insurance (if you have been in business)

What is Errors and Omissions Insurance? Understanding Your E&O Policy

What you inspect to and for is dependent upon the state you are in. If you are a Licensure state, regulated state or a state with no codified legal requirments (then you inspect to a specific Association Standard like ASHI or CREIA.
The basis of any inspection is
Visual only

Complex areas that home inspectors routinely examine during the course of a home inspection and need to make professional assessment of:

Heating systems

Air conditioning systems

Interior plumbing

Electrical systems

Attics

Basements

Insulation

Ceilings

Floors

Walls

Windows

These systems are highly complex and a well-trained inspector will be asked to do a tedious assessment of each one and more! Our Home Inspectors are rigorously trained, however, even the best trained and experienced Inspector can make a mistake – THIS IS WHY YOU NEED E&O INSURANCE FOR HOME INSPECTORS!

What does home inspection E&O insurance cover?

Home Inspection E&O policies cover judgments, settlements and defense costs that may be brought against the inspector. Even if the allegations are meritless, the cost of defending your professionalism can be daunting. In short, E&O coverage provides protection for you, your company and your employees in the event that a client of yours alleges that an error or omission on your part has caused a financial loss for the client regardless of whether or not the allegation has merit.

Why Home Inspection E&O Insurance is Important?

Home inspection E&O insurance is important because claims against home inspectors can and do happen. The cost of covering a claim in which the inspector is found negligent can be devastating and expensive. While the cost of the average home inspector errors and omissions insurance policy pales in comparison to the cost of a claim, thus evoking the “Penny-wise, Pound Foolish” adage. Even if the inspector did absolutely everything correct, he will still have an expense to defend himself against a weak or frivolous claim. The expense to hire an attorney to clear you from any implied wrong-doing can be extremely costly and detrimental to your business. Claims and legal expenses that arise from legitimate and frivolous claims can range from $500 to hundreds of thousands of dollars.

Contact First Indemnity for Home Inspector E&O Insurance

To learn more about our errors and omissions insurance coverage for home inspectors, please contact our Home Inspection Insurance Team at 202-714-1200 john@professionalliabilityusa.com