I would really appreciate some advice with regard to what level of GL and E&O a brand new inspector should get with regard to amount and coverage etc. I plan on being a one man operation for the first couple years. I am in Maryland. Looking to start the policies in early spring. (And yes, I know the market isn’t preferable right now; I will be part time for now.)
Thanks in advance!
Maryland dictates what you need. Check their website, or contact them directly.
2 Likes
Minimum $100K E&O and $1M GL.
For E&O you hope you do not make a large mistake and $100K should be enough and typically the lowest offered.
GL is cheap, cheap, cheap! You can even go higher and it isn’t that much more but unless you’re doing high dollar homes it most likely is not needed above that.
1 Like
Thanks! I am aware of what I NEED. I am more interested in making sure I don’t go overboard with the amounts I get.
Great. Good info. THanks!
Probably should have said that in the original post, then.
1 Like
Just FYI, here in GA the trend for new construction is $2mil GL. YMWV
1 Like
Now talk to your potential insurance provider.
Hey, you are absolutely right. I’ll work on my amicability and on being more clear in my posts.
2 Likes
I am also in Maryland. The amount of liability insurance the state requires is laughable. Also no policy that small is offered by most insurance companies. Liability is all that is required in MD. I use Hartford. Don’t even know what level of coverage I have but I pay about 5 - 6 hundred a year. Best use of liability insurance is never make a claim. So far so good.
2 Likes
Everyone reads post in different ways. He could have worded it better in that " I know what the state requires, but should I carry more than that?"
1 Like
IMO having more coverage than any minimum requirements is a good thing. Especially if you are looking to be able to conduct pre-closing inspections or pre-drywall inspections for new construction. Most builders have pretty high requirements for GL.
Last I saw DR Horton, for example, requires $1M Drone GL to fly over a roof that they won’t let you walk on…
Reach out to Ben Garrison. He is a straight shooter and can get you set up good.
5 Likes
Yes, I spoke with him. Great guy. Thank you.
Yeah. I sounded a bit like an a-hole, but I promise I’m not. Just new to posting stuff and I can be too direct sometimes.
4 Likes
We have a couple of builders that get stupid and want $2M for a $500K house. I have $2M but only because the difference was so small for the premium.
2 Likes
Didn’t come across that way to me, as opposed to some that replied to your post. 
2 Likes
DR Horton cannot stop you from flying a drone over a house you’re inspecting or anywhere else on their construction site. Just make sure you have drone insurance coverage if you are flying a drone and are following all of the FAA regulations. And of course, be FAA Part 107 certified.
Speaking of drones, it’s amazing how the mysterious, killer drones that were nationwide all of a sudden disappeared after the media stopped hyping it today. It’s amazing what BS that turned into after the media and social media turned a picture of a plane on Storyful into the great drone hoax of 2024.
I called BS on this 10 days ago on my YouTube Channel and sure enough I was right. We don’t need any more FAA regulations to fly a drone. It’s hard enough as it is.
Happy Holiday’s everyone.
1 Like
Technically you are correct, they cannot dictate where and when you fly, however they can deny you access to conduct the inspection to begin with . If you don’t meet their requirements to get access to inspect, you won’t need to fly over the house anyway. So in a sense they can…
Funny how that tends to happen. It was likely a smoke screen for something or just a ratings ploy…
Thanks man. Some folks are more sensitive than others, and that’s fine. I think it’s the Boston/Italian in me. We are a little more assertive. haha
Inspector Pro Insurance all the way. Maybe more expensive, but when needed, they will be there, I know from experience.
3 Likes