Home Inspector Insurance Requirements
Useful links for new york home inspectors: 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.
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Nearly every state has specific insurance requirements for home inspectors that typically includes errors and omissions coverage and, in some cases, general liability coverage.
Home inspector insurance requirements. As a home inspector, you need to be aware of the potential exposure you have as a business owner and look for the best and most effective ways to manage those risks. In order to obtain a home inspection license in mississippi, you are required to obtain a minimum of $250,000 in general liability insurance. This payment must be made by check, and made payable to the department of commerce and insurance.
Includes general liability and most incidental coverages in minimum premium (ask us) low rates, expert service. Home inspector licensure requirements for initial licensure in florida are: Pennsylvania home inspector insurance requirements.
Home inspection insurance policy information. Pennsylvania home inspectors are required to obtain a minimum of $100,000 per occurance with a $500,000 aggregate for general liability insurance. Home inspectors insurance minimums in georgia.
Home inspection insurance illinois protects your business from lawsuits with rates as low as $97/mo. Every ohio licensed home inspector shall maintain or be covered by, a comprehensive general , liability insurance policy or a commercial general liability insurance policy. Back to list of states new jersey home inspector insurance requirements new jersey errors & omissions insurance requirements:
Home inspector insurance requirements by state. 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. Some states will have certain insurance requirements for business owners, whether a sole proprietor, llc, or corporation.
You do what you can to provide the best possible inspection results to your clients, but no one is free from the potential to be sued. A nonrefundable $300.00 initial licensure fee and completed application, including all required supporting documents for proof of citizenship, and the ethical conduct and legal history information. Even if your state has no legal requirement, purchasing home inspector insurance is still a prudent decision to.
Insurance is an excellent way to mitigate potentially costly liability and exposure, which could put you out of business, or worse. However, click below to obtain insurance for your illinois home inspection business. While the state of georgia does not currently require home inspectors to carry insurance, per the state, georgia home inspectors must adhere to the ga trade act (chapter 3.
In order to apply for a home inspection license, you are required to submit proof of general liability insurance coverage of no less than $300,000. You are not required to carry errors and omissions unless you perform termite/wood destroying insect inspections. Home inspector general liability insurance requirements in mississippi.
If you’ve purchased a policy, a few days have passed, and you get a notice for a home insurance inspection, don’t fret, these are commonplace in the insurance world. For more info on new york home inspector standards, contact the new york state, department of state, division of licensing services Serving home inspectors for 15 years.
Residential home inspection insurance requirements. As a licensed home inspector in ohio, you are required to carry general liability insurance of no less than $100,000 per occurrence with a $300,000 aggregate. Pennsylvania home inspectors are required to obtain a minimum of $100,000 per occurance with a $500,000 aggregate for errors & omissions insurance.
New jersey home inspectors are required to obtain a minimum of $500,000 aggregate of errors & omissions insurance. Both active and inactive licensed professional home inspectors are required to complete 14 hours of continuing education credits for renewal. Home inspectors must obtain a $300,000 commercial general liability insurance policy.
Who must be coveredby a comprehensive general liability insurance policy or a New jersey currently has no requirements for general liability. New jersey general liability insurance requirements:
Errors & omissions insurance, also known as e&o or professional liability, may arguably be the most important insurance policy a home inspector purchases. Does a sole proprietor home inspector need e&o insurance? Insurance requirements for home inspectors.
What does that mean for you? First and foremost, the state of tennessee requires home inspectors to provide proof of both errors and omissions and general liability insurance in order to apply for or maintain an active home inspector license. Home inspectors run a high risk for being involved in litigation, particularly when realtors are handling requests for clients based on realtor leads.
While the state of illinois does not require home inspectors to carry errors and omissions or general liability insurance, home inspectors should do so to maintain a good reputation and protect themselves and their businesses. Beyond the requirements of the state, protecting your assets by carrying the proper insurance is the prudent thing to do. If you are a home inspector, you may not realize that you are at risk for litigation from unhappy clients.
New york home inspectors are required to obtain a minimum of $150,000 per occurance with a $500,000 aggregate general liability insurance. Home inspectors insurance minimums in illinois.
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Useful links for new york home inspectors: 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. Diy Home Inspections Checklist Inspection Checklist Home Inspection Templates Nearly every state has specific insurance requirements for…