Home Inspector Insurance
Home inspector insurance is business insurance customized to meet the needs of a home inspector. A home inspector insurance policy can help protect you from many of the hazards you may face on the job, from slipping on a roof to accidentally damaging a homeowner’s property.
Our Progressive Advantage® Business Program can set you up with one of our providers to get the best policy to meet your home inspector insurance requirements.
How much does home inspector insurance cost?
Home inspector insurance rates are determined by various factors, from business risk to number of employees. For example, an insurance policy for a company with many employees will have a different home inspector insurance cost than a sole proprietor.
Cost is obviously a deciding factor when choosing insurance coverage for your home inspection business, but having the right coverage should come first. Having too little or incorrect coverages can lead to coverage gaps and crippling financial losses.
Basic home inspector insurance coverage:
- General Liability: This home inspector coverage protects you and your employees form mistakes that can happen on the job, and any resulting lawsuits that your business could be liable for. For example, during an inspection an employee leans against an expensive painting, puncturing it. General liability could help cover the damage.
- Professional Liability: This coverage, also called errors and omissions (E&O) insurance, protects your business against claims of negligence, real or not. For example, a buyer claims a roof issue was not noted and alleges negligence. Home inspector E&O insurance could help protect your business.
Other home inspector insurance you might need:
- Business Owners’ Policy (BOP): A BOP provides an easy way to combine coverages into one policy, such as general liability and property damage.
- Workers’ Compensation: If you have employees, you almost always are required to have workers’ comp. It protects your employees from injuries or illnesses that can occur while on the clock.
Get what you need in one place
Getting started with a home inspector insurance quote couldn’t be simpler. Call or click and our in-house agency will get you started with a quote today.