Originally Posted By: Hank Allen
This post was automatically imported from our archived forum.
I did some searching through all the posts on this web-site and it is all a bit overwhelming. A lot to go through so I hope you all don’t mind answering a question that has been asked before in one way or another.
I am doing some serious thinking about taking an on location Home Inspector course so I am trying to research as many aspects of the business as I can.
Start up cost is an important factor for most I’m sure, I know it is for me. It seems the largest 2 expenses to getting started are the training and the insurance. I really figured the training would be the largest expense until I started reading posts about insurance. I must say the expense is making me really want to make sure I am serious about this endeavor. I looked over the FREA web-site and to me it looks like it will cost about $4000.00 for E&O with Liability added, plus I realize there may be other things to consider also.
I did a search for Home Inspector insurance policy’s and it doesn’t seem there are many company’s that sell it.
Is this about the best going rate for the beginner or are all reputable company’s about the same?
Thanks for your time,