To be insured or not? (Colorado)

[ccurrins (Christopher Currins, CMI)]

@mcohen

If you have a limited budget, I think I would first purchase general liability insurance over E&O insurance.

The best things you can do to limit your liability are (1) use the InterNACHI agreement, and (2) form an LLC or S. Corporation.

I have practiced in Colorado for years and have only personally been involved in two lawsuits against home inspectors.

I do think having E&O insurance can make you an attractive target, but as pointed out above, it’s about managing risk. If you have the extra money, go for it, but if you don’t, I would not lose too much sleep over it.

Interesting post Mark, thanks.