Our multi-inspector firm has been with Elite MGA for several years. Ben Garrison has provided us with crucial advice and great service over that time. We have no plans to look elsewhere for our E and O coverage. Like the man said, “Never quit a winner!”
Also referred to as “E&O insurance,” Errors and Omissions insurance protects a home inspector – and their clients – against particular 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.
Complex areas that home inspectors routinely look at include:
- Heating systems
- Air conditioning systems
- Interior plumbing
- Electrical systems
Some of these systems are highly complex. Some are old, and the 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 while providing an adequate level of coverage.
Why Errors and Omissions Insurance for Home Inspectors is Important
EliteMGA is in business to protect professional home inspectors in the event of neglect or alleged human error during an inspection that lead to damage to a client’s home or even 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 in addition to other industry-specific coverages.
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.
- Definition of E&O Insurance from Investopedia
- “The Ins and Outs of Errors and Omissions Insurance” from Insurance Journal