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A Short Guide To Home Inspector Insurance

While being a home inspector may seem like an easy and risk-free job, this is far from the truth. As a home inspector, you work inside many different homes every day which can open you up to a number of risks. If something unexpectedly goes wrong, you could be left to handle the consequences yourself which can get really expensive. This is where home inspector insurance can come in to help.

What Types of Coverage Do You Need As a Home Inspector?

There are two types of insurance you definitely need to have as a home inspector. The first is general liability insurance. This type of insurance protects you if you accidentally hurt someone or damage someone’s property while working.

Home inspector errors and omissions insurance, also known as professional liability insurance, is the other type of insurance that is a must-have. This type of coverage protects you against claims of negligence, whether they are real or not.

How Much Does Home Inspector Insurance Cost?

There is no one set price for home inspector insurance. The price of insurance is different for each home inspecting business and is affected by a number of factors such as your location, the number of employees you have, and your claim history.

Being a home inspector is not always easy.  Insurance can make all the difference.