Originally Posted By: Gregg Rafalsky This post was automatically imported from our archived forum.
I am currently in the process of getting E&O insurance for a home inspection business that I am forming with a partner. Both my partner and I have a combined 30+ years in the engineering and construction business. We are both registered engineers and received home inspection training from ITA. I am registered in eight states and my partner is registered in one. We are having difficulty getting someone to quote us E&O insurance. After a month of effort we have received only two quotes!
Why is E&O for home inspectors so difficult to get. I can get E&O insurance to work in chemical plants easier than residential homes.
Originally Posted By: Mike Parks This post was automatically imported from our archived forum.
Why not make your company a consulting firm that does home inspections.
I would think it would be easy to get E&O for your field of expertise (registered engineers).
Example: As an electrical contractor I am required to carry insurance. If I inspect your electrical systems I am with my field and not required to carry additional insurance, IE E&O.
Originally Posted By: jrooff This post was automatically imported from our archived forum.
Mike, I would like to know you Ins. agent. As I am a general contractor and required to carry the largest amount of coverage on any job I run, my insurance man would not insure any HI work I do without a separate E&O policy. So I guess when ever in dought call your agent first and get the facts, always C.Y.A. or you may not have any assets left.