What is Errors and Omissions Insurance?

Also referred to as “e and o insurance,” errors and omissions insurance protects the inspector – and the homeowner – against any losses that originate with an oversight on the part of the inspector. When you consider all the areas an inspector may be required to inspect and sign off on within a home, you see why this type of insurance is so important.a home inspector performs complex tasks

Complex areas that home inspectors routinely look at include:

  • Heating systems
  • Air conditioning systems
  • Interior plumbing
  • Electrical systems
  • Attics
  • Basements
  • Insulation
  • Ceilings
  • Floors
  • Walls
  • Windows

Some of these systems are highly complex. Some are old, and inspection can be tedious. The inspector is expected to understand each facet of his or her inspection, and well-trained inspectors do. Yet the smart ones still wouldn’t enter a home without an errors and omissions insurance policy tailored to their specific needs and providing an adequate level of coverage.

EiiPro is in business to protect professional home inspectors in the event neglect or human error during an inspection lead to damage to a client’s home down the line or, worse, injury to an individual within the home. While errors and omissions insurance isn’t mandated in every state, we strongly suggest each inspector carry a sufficient level of this important insurance.

Insurance is a fact of life in every business. For any professional who operates in the capacity of a consultant – this includes architects, web developers, ad agencies, attorneys and many others – e&o insurance is a big part of running a successful operation.

If you’re a home inspector and would like a quote on insurance coverage, or if you’ve been operating without it and want to learn more about the benefits of this type of coverage, check out our insurance policies or contact us anytime.

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