Alternative Florida Licensing Thread - Unmonitored

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



jbowman wrote:
E&O Insurance if for the protection of the Inspector not the consumer - is it not.


John:

E&O affords protection both ways.

E&O will defend and afford protection to the Inspector against frivolous claims.

E&O will afford Consumers protection for inspections deemed worthy of compensation thru Negotiations or the Legal system.


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: psabados
This post was automatically imported from our archived forum.



Joe


You write a contract that appears to cover your backside. With all the exclusions, exceptions written in and refer to arbitration for settling a dispute or complaint. We load to the inspectors side. If you don't its a bad business decision on your part.

If you can get it to arbitration, you're lucky. The client that feels he's been wronged is going to take you to court. Arbitration can and will be tossed aside.

E&O insurance is a mighty tempting target for frivolous law suits. Claim it and you've become a tempting target. Granted if they (wronged client) goes out of the box, the insurance company will disavow but it will still cost you the inspector time and money to fight. E&O coverage is for the inspector to protect himself from the client.

Now to all newby's carry high E&O coverage and recommend a home owners warranty package. Protect the homeowner from your bad inspection and practices.

E&O is a business decision.

Paul


--
NACHI Vice President

NACHI Foundation, President

Convention Coordinator

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



psabados wrote:


E&O is a business decision.

Paul


Correct.

E&O coverage is a Business Decision that affords protection to the Inspector, his Business, His Family, His Client and Referral Source.

It is a Business decision made by Professional Home Inspectors each and every day.

A Cost of doing Business.


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: psabados
This post was automatically imported from our archived forum.



Quote:
A Cost of doing Business.


A cost that each inspector must decide for himself. I am sorry that the State of Pa. has made that decision for you.

Paul


--
NACHI Vice President

NACHI Foundation, President

Convention Coordinator

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



psabados wrote:


Now to all newby's carry high E&O coverage and recommend a home owners warranty package. Protect the homeowner from your bad inspection and practices.

E&O is a business decision.

Paul


E&O is for Professional Businesses.

I do not believe E&O is intended to afford protection to Negligent Newbies.


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



psabados wrote:


A cost that each inspector must decide for himself. I am sorry that the State of Pa. has made that decision for you.

Paul


Paul:

E&O Coverages were obtained long before the change in the PA Law.

It is not a factor in the Operation of my Business.


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jbushart
This post was automatically imported from our archived forum.



is the protection of the consumer. It sounds good and appeals to the ear and would even be credible - if it was the consumer’s idea. icon_wink.gif



Home Inspection Services of Missouri


www.missourihomeinspection.com


"We're NACHI. Get over it."

www.monachi.org

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



Jim:


I carried E&O prior to PA Legislating E&O.

It was a Business decision and not required by Law.

I do not understand those that say it is a Business decision and do not carry E&O.

What benefit is derived by the Business Owner by not having E&O Coverage?

What benefit is derived by the Consumer if the Inspector does not have E&O?


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jbushart
This post was automatically imported from our archived forum.



jhagarty wrote:
Jim:

I carried E&O prior to PA Legislating E&O.

It was a Business decision and not required by Law.


Agreed. It is your right and duty to act in the best interest of your business.

jhagarty wrote:
I do not understand those that say it is a Business decision and do not carry E&O.



Jim Morrison cannot understand why it was a business decision for Erol Kartel to re-join NACHI.

Don Norman cannot understand why it was a business decision for several thousand ASHI members to leave instead of participating in their "branding" campaign.

Business decisions are understood best by those who make them.


Quote:
What benefit is derived by the Business Owner by not having E&O Coverage?



This is an invalid question. Many who do not carry E&O arrived at that decision after carrying it and finding it did not protect them. They determined that they were no more at risk, financially, with it than without it. A more valid question in which you would receive a variety of answers would be "What reason would a business owner give for not finding benefit in E&O coverage." To this, you would hear responses as to how quick the insurance company is to settle on frivolous claims costing the insured his deductable and resulting in an increased premium - or how quick a lawyer is to add him to civil suits against builders and realtors when the home inspector is not at fault, simply to leverage settlements.

Quote:
What benefit is derived by the Consumer if the Inspector does not have E&O?


I feel that consumers derive their benefit from home inspectors who provide good reports. Consumers do not benefit from damages - compensated or uncompensated.

Picture this, Joe...as the doctor puts the gas mask on your face and you start counting backward from 100 right before your triple by-pass surgery...the last thing he says before you go under is "Don't worry, Joe....if I screw it up, I'm insured."


--
Home Inspection Services of Missouri
www.missourihomeinspection.com

"We're NACHI. Get over it."

www.monachi.org

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



jbushart wrote:


...the last thing he says before you go under is "Don't worry, Joe....if I screw it up, I'm insured."



Jim:

As a Father with 2 small children, I would rather him say That than state that he made a Business decision to be Uninsured.

Thank you for Validating my Point.


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jbushart
This post was automatically imported from our archived forum.



I’d rather him say"Don’t sweat this. I know what I’m doing. You will be fine." icon_lol.gif


At any rate, I'm glad to help you validate your point.


--
Home Inspection Services of Missouri
www.missourihomeinspection.com

"We're NACHI. Get over it."

www.monachi.org

Originally Posted By: dharris
This post was automatically imported from our archived forum.



Yes on mandatory financial responsibility.


If the state requires us to have car insurance why shouldn't we be financially responsible for the services we provide to our customers that pay us to provide them informed information on the home they are buying.

Where is the spam file that pushcart referred to? I'm proud to have the privilege of being the 1st. ![icon_lol.gif](upload://zEgbBCXRskkCTwEux7Bi20ZySza.gif) ![icon_lol.gif](upload://zEgbBCXRskkCTwEux7Bi20ZySza.gif) ![icon_lol.gif](upload://zEgbBCXRskkCTwEux7Bi20ZySza.gif)


Originally Posted By: jbushart
This post was automatically imported from our archived forum.



dharris wrote:
Yes on mandatory financial responsibility.



That's not the discussion, dan. Joe is arguing E&O. In your state, a $25,000 bond is sufficient in place of E&O. I don't think that those who push E&O would consider that sufficient - especially in states like Massachusetts that require $250,000.00 per incident.

As to your dubious honor, I don't think you have access to the Spam forum. That is where they trash posts like the two you made in the Legislation survey thread last night. ![icon_wink.gif](upload://ssT9V5t45yjlgXqiFRXL04eXtqw.gif)


--
Home Inspection Services of Missouri
www.missourihomeinspection.com

"We're NACHI. Get over it."

www.monachi.org

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



Jim:


NACHI was successful in New Jersey in overturning restrictive Legislation.

http://www.nachi.org/bbsystem/viewtopic.php?t=1172&start=475

Imposed Legislated E&O was a required extenuating factor due to situations that had been encountered prior to the introduction of New Jersey Legislation.

NACHI, thru the efforts of Phil Hinman and Others, was successful in meeting the Legislative needs of the State and Consumer. Legislation now is Inclusive of NACHI rather than Exclusive.

New Jersey now has the most restrictive Statute in the Country along with the recognition of NACHI.

A Loss in your Book.

I consider it a Win from where we started over 3 years ago...


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jbushart
This post was automatically imported from our archived forum.



This recent development in New Jersey is not a loss, by any means. Nor is it a final victory. It is certainly a big step in the right direction.



Home Inspection Services of Missouri


www.missourihomeinspection.com


"We're NACHI. Get over it."

www.monachi.org

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



jbushart wrote:
This recent development in New Jersey is not a loss, by any means. Nor is it a final victory. It is certainly a big step in the right direction.


James:

You are unaware of the efforts that were made by Individuals in New Jersey.

New Jersey is Unique.

Phil Hinman deserves acknowledgement for persistence when adversarial situations were encountered that would discourage most Individuals.

It was not a big step. It was an Extraordinary Leap.


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jbushart
This post was automatically imported from our archived forum.



I know that the legislature went too far in its restrictions and allowed only one home inspector to become licensed during the time the law was in effect.


I know that Phil and others helped point that out and assisted in making it less restrictive. I also think that the market that was extremely short on home inspectors helped in that, as well.

I don't understand how you are tying this in to the topic of this thread or your position on E& O insurance, though.


--
Home Inspection Services of Missouri
www.missourihomeinspection.com

"We're NACHI. Get over it."

www.monachi.org

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



jbushart wrote:


I don't understand ....



I can't explain it to you.... ![icon_lol.gif](upload://zEgbBCXRskkCTwEux7Bi20ZySza.gif)


--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jhagarty
This post was automatically imported from our archived forum.



jhagarty wrote:


What benefit is derived by the Business Owner by not having E&O Coverage?

What benefit is derived by the Consumer if the Inspector does not have E&O?




--
Joseph Hagarty

HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.

Originally Posted By: jbushart
This post was automatically imported from our archived forum.



Are you suggesting a law like New Jersey’s for the good people of Florida?



Home Inspection Services of Missouri


www.missourihomeinspection.com


"We're NACHI. Get over it."

www.monachi.org