The states of Massachusetts and New Hampshire both require a minimum of $250K E&O and $250k GL insurance in order to be licensed in each state.
I have several quotes I'm trying to weight out the pro's and con's on.
I'm as green as they come in the world of Home Inspection. I have my educational credits and passed the NHI exam.
I'm being offered several options
500k coverage with a 2500 or a 5000 deductible
300k coverage with the same deductibles
The costs go from around 1k to 2k
How much coverage do I need to start out with and do I need the low deductible?
Obviously I have things to protect. A home and such. Am I putting myself at risk if I don't carry a million dollars of coverage to start with?
I'm I covered by an employers insurance when working under or for them.
Massachusetts requires us to do 25 inspections under a licensed inspector. Am I covered under that inspectors policy while on those 25 inspections?
Any help is greatly appreciated.