Home Inspector Errors and Omissions Insurance
Professional liability insurance for home inspectors is also known as:
- Home inspector E&O insurance
- Professional indemnity insurance for home inspectors
- Home inspector errors and omissions insurance
This coverage helps pay your legal defense costs if your customers file a lawsuit against you for:
- Inaccurate advice
This means if a home inspector working for your business makes a mistake on the job and your business is held liable, your E&O coverage can help pay your legal defense costs, helping your business avoid financial losses.
To learn more about professional liability insurance
and other important business insurance coverages, obtener una cotización
today. Whether you need professional liability insurance or general liability coverage, we can help you get the right policies at affordable prices. In fact, we’ve been helping business owners like you get the coverage they need for over 200 years.
Do Home Inspectors Need To Have Professional Liability Insurance?
professional liability insurance requirements depend on where you live. In fact, many states require home inspectors to carry liability insurance, including:1
- Nueva Jersey
- Nueva York
- Carolina del Norte
- Dakota del Norte
- Rhode Island
To learn more about getting home inspector errors and omissions insurance coverage, obtener una cotización
from us today. We can also help you learn more about what your state requirements are and if you need other business insurance coverages, like:
- General liability insurance
- Workers’ compensation
- Commercial auto insurance
What Is Covered By Professional Liability Insurance for Home Inspectors?
Home inspectors have an eye for details, but what happens when you miss something? You’ll want professional liability insurance to help cover any mistakes or omissions you or your employees make on the job. Some scenarios that this policy can help cover include your home inspector:
- Missing a problem in the heating system of a house, resulting in your client filing a claim against your business to cover the repairs.
- Forgetting to look at the roof of a home. The new owners file a claim against you when they realize there are shingles missing.
- Failing to mention the crack in the basement floor to new buyers. When they discover it, they file a claim against your business to cover the repairs.
- Overlooking plumbing issues that cause the basement to flood. The new buyers of the home file a claim against your business as a result.
What Other Kinds of Liability Insurance Do Home Inspectors Need?
Professional liability insurance for home inspectors can help protect your business from claims of errors or omissions, but it doesn’t help protect you from claims of:
- Lesiones corporales
- Daños a la propiedad
- Copyright infringement
- Data breaches
- Reputational harm
To make sure your home inspector business is fully protected, you’ll also want additional types of coverage, like:
You can learn more about these coverages and what their additional cost would be for your business by getting a quote
today. One good option is to get a Póliza para propietarios de empresas
(BOP) that can combine business liability and property coverage. You can also customize this policy to fit your business’ specific needs by adding coverages like:
- Professional liability insurance
- Cyber liability insurance
- Workers’ compensation insurance
How Much Does Errors and Omissions Insurance Cost for Home Inspectors?
Errors and omissions insurance costs for home inspectors can vary. Some factors that can impact how much you’ll pay for coverage include your:
- Monto deducible
- Type of business
- Límites de la cobertura
- Number of employees
- Years in business
- Claims history
For example, the higher your coverage limit, the more you’ll pay for your policy. Businesses with a history of claims will also pay more.
Get a Quote for Home Inspector Errors and Omissions Insurance
To learn more about what errors and omissions insurance protects against, obtener una cotización
from us today. We’re an insurance company you can trust, helping small business owners get the coverages they need at the right prices for over 200 years.