General Liability and E&O insurance for home inspectors
Liability Insurance by OREP
OREP’s Errors & Omissions (E&O) professional liability product includes an endorsement for General Liability coverage. General Liability can provide protection for your business when someone or something is broken or injured, such as you knocking over and breaking a vase during an inspection or dropping a heavy object from the roof and injuring a home owner. Coverage is also provided in the event an injury occurs due to an error or omission in your report, for instance: a faulty deck collapses months after the inspection and injures the home owner, or you failed to note the deck needed repair.
Coverage Highlights
- Includes Errors and Omissions Insurance and General Liability. Includes Prior Acts Coverage for qualified applicants.
- Additional Insured for Agents and other Referring Parties.
- Coverages Available: Radon, Termite/WDI/WDO, Lead Paint, Pool & Spa, EIFS/Stucco, Indoor Air Quality Testing, Green Building Inspections, Infrared Thermography, Mold, Septic/Water testing, and more.
- Free Access to the OREP Professional Support Network ($95 value)
- Premium Discount for Experienced Inspectors and Membership in Professional Associations
- Includes Deductible Forgiveness Program Up to $1,500 (reimbursed by warranty company)
- OREP in its 16th year serving the insurance needs of home inspectors.
- Easy Financing Available.
- Coverage can be added for Energy Rating and Mortgage Field Service Inspections.
- Click for Policy Coverage Details.
Home inspector E&O / liability insurance requirements by state
Requirements for home inspection liability coverage are different in every state. Depending on where you’ll be doing business unique required standards of practice will apply.
States requiring some kind of home inspector insurance:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Florida
- Kansas
- Kentucky
- Maryland
- Massachusetts
- Mississippi
- Nevada
- New Jersey
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- Tennessee
- Texas
- Virginia
These kinds of requirements are constantly changing and evolving with the flow of the industry and your local governmental representation. As a member of ATI Academy, you are ALWAYS in the know for legislative developments in the industry on the federal, state and local levels so you’re certain you’re fully in compliance with insurance requirements (and any licensing/education requirements) when necessary.
How much security you have in the field matters a lot more than how much it costs – although as a member of ATI Academy you’ll find peace of mind on both fronts: you are well covered and it comes at a cost that’s lower than you’d expect (thanks to membership discounts!).
Regardless of the legal requirements, you ought to be strongly insured.
Home inspectors aren’t required to be licensed in every state, but most realtors and home owners are far more comfortable with a home inspector with credentials.
In the same way – you’re going to lose some sleep at the thought of having NO protection against potential legal claims. Even if it’s not legally required you’ve gotta be covered as a home inspector or adjuster. For sanity purposes you just need to check the box. Here's all the reasons why you really need insurance as a home inspector.
Membership with ATI Academy includes discounts on more insurance options.
We offer lower pay rates / premiums for not only E&O and liability insurance – membership with ATI Academy gets you access to excellent dental insurance and health insurance for home inspectors.
Building a business means getting geared up with all the tools you need to succeed.
Insurance is one piece of the becoming-the-best-home-inspector puzzle. Running your own company in your target market means knocking it out of the park in many areas.
Check out what we offer for home inspection gear, reporting writing software and marketing tools for home inspectors. As a member of ATI Academy you’ll get discounted rates on all of it. Joining our program puts you in the best position to thrive as a self-employed home inspector.
