The housing market is very tough here in the Detroit area, and I think I’m losing a lot of business to insured inspectors – less market activity implying more “shopping around.” I’ve had a few callers ask me if I had insurance who ultimately didn’t hire me – a high % of the non-referral calls I’ve been getting. It stands to reason that even more must visit the web site and go elsewhere to find an insured inspector.
The “discounted” E&O insurance through NACHI has a very front-loaded payment plan: 40% down, and 20% more in 30 days. I’d rather pay a higher premium with less initial cost.
Anybody find anything with a better payment plan, e.g., monthly and a much lower dpwn payment?
Am I correct in thinking I’m losing a lot of business for lack of insurance?