Originally Posted By: kbliss This post was automatically imported from our archived forum.
Hi
I am starting up a Inspection business and was wondering if anyone could give me some info on how much e/o ins I should carry and who would they reccomend.
Originally Posted By: kbliss This post was automatically imported from our archived forum.
Nick,
I am incorporated and I will use the NACHI agreement. I was wondering if you can give some ball park figures for ins. . I just don`t know how much is enough . And what kind of premium should I be looking at.
Originally Posted By: jfarsetta This post was automatically imported from our archived forum.
I use FREA and have a $1mil policy. It’s a bit pricey for year one, but comes down to about $2100 year 2. Don’t know it Griffith will insure you, as you are operating in FLA. Nick?
Originally Posted By: gbell This post was automatically imported from our archived forum.
Hey Kurt,
The price is so high because you are a new inspector. Once you have a few years under your belt the price should go down. The membership has no benefit unless you plan on moving to California. Check around for a better price but I doubt you will find one. Good Luck
Originally Posted By: kbliss This post was automatically imported from our archived forum.
I am in a S corp., I talked to my lawyer about it and this is what he recommended . It helps as far as liability , taxes and it is less exspensive than a LLC.