Errors and omissions insurance cost for home inspectors – For example a buyer claims a roof issue was not noted and alleges negligence. For inspectors testing radon mold asbestos and other hazardous materials the cost can often starts at 2 000 per year.
This coverage also called errors and omissions e o insurance protects your business against claims of negligence real or not.
Errors and omissions insurance cost for home inspectors. For a basic e o policy which does not cover work around hazardous materials the cost can range from 600 1 200 per year. Other home inspector insurance you might need. Prices for home inspector e o insurance will vary based on specific factors. Errors and omissions insurance cost for home inspectors
The cost for professional liability varies much more depending on the extent of inspection services. The policy can be tailored to your specific businesses needs and services offered including. Liability insurance has many facets. Errors and omissions insurance cost for home inspectors
Home inspector s professional liability aka errors and omissions offers coverage for claims against a home inspector for errors omissions negligence and failure to identify defects. Home inspector e o insurance could help protect your business. Home inspectors typically have a need for both professional liability often referred to as errors omissions or e o insurance and general liability to cover third party bodily injury and property damage claims. Errors and omissions insurance cost for home inspectors
A variety of deductibles options from 1 500 to 10 000 the total dollar amount that will be paid for each liability type from 100 000 to exceed 1 000 000. The policy covers both legal fees and any judgment or settlement that occurs. Errors and omissions insurance cost for home inspectors