Home Inspector Insurance

Home buyers make important (and expensive) decisions based on your home inspection reports.  They spend their hard earned money because you tell them it’s okay to do so. Your home inspection services are often the final determining factor in the home buying leap of faith. Also, purchasing real estate is often a highly emotional process, and the buyer relies on advice from the home inspector to steer them straight.

With that kind of responsibility, a home inspector can’t afford to make a mistake. Even so, nobody is perfect. Mistakes get made in every industry, and the real estate niche is no different. In fact, it’s likely that a home inspector will make a mistake at some point in their career. For this reason,  home inspectors are urged to protect themselves and their small home inspection business with insurance coverage that includes Errors & Omissions insurance. Also known as E&O insurance, this is a type of commercial liability coverage. It will protect your home inspection business against claims arising from any failure to provide correct advice or information. For both independent contractors and home inspection business owners, E&O insurance  is about risk management.

We make it our business to understand your business risks and provide for your insurance needs. Your coverage will be specific to your business needs. Just as general liability insurance is a must have for any home inspection business, E&O insurance coverage can easily be added to your Business Owners Policy.

It is not just your signature on the line on your home inspection report. Your reputation as well as your personal and business financial health are also at risk.

Also, clients interpret your reports as they see fit. As a result, your liability risk becomes complicated. Imagine having to pay for that client’s electrical service upgrade to his garage. Protect yourself with full coverage liability insurance customized to suit your home inspection business needs.

One negligence claim can put you out of business. Your home inspection business is a risky one, but it need not be. A comprehensive home inspector insurance policy will free you to operate your business with peace of mind.

What if …

For instance, you tell the client his electrical service is adequate for average use in the home. He goes to his garage and plugs in an exhaust fan, paint sprayer, and electric heater. He also has a TV and fridge plugged in along with shop lights and the garage door opener. There is also a power sander and router. But, there is only one circuit serving the garage and the usage is clearly not normal to everybody except him. He can file a lawsuit against you for not disclosing the garage needs its own electrical service.”

Home Inspector Insurance is right for:

Ask us now!

First of all we will assess your insurance coverage needs. Then we will provide a home inspector insurance package that suits you best. Contact one of our Small Business Liability representatives today for the best insurance coverage for your home inspection business.