Home Inspector Insurance
Home inspector insurance protects against risks like injuries, lawsuits, and property damage. Essential coverage includes general liability, professional liability, and equipment insurance. Costs range from $1,000 to $2,500 annually. Secure insurance by completing an online application, comparing quotes, and selecting a policy.
Choose the right coverage from trusted insurance providers.
Why Home Inspectors Need Insurance
As home inspectors, your job requires you to examine every inch of a home, from the roof to the crawl space, which can be dangerous both for you and your clients. Whether climbing a ladder or walking on rotten planking, the risk of injuries is high.
Having home inspector insurance is crucial for protecting against lawsuits, injuries, and property repairs that could result from an accident. With the right coverage from Eagle Nation Insurance, you can safeguard yourself and your business from liability, legal fees, and unexpected damage.
This protection not only offers financial security but also ensures safety and risk management on the job. Whether dealing with personal injury, workplace injuries, or protecting your tools and equipment, insurance provides the necessary precautionary measures to prevent damage and address claims effectively.
What types of business insurance do home inspectors need?
Home inspectors need general liability insurance for injuries and property damage, professional liability insurance for errors during inspections, and equipment insurance to protect tools. If they have employees, workers' compensation is also required to cover potential workplace injuries. These policies help cover common risks in the industry.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Car accident repair costs
Vandalism and theft
Weather damage
General liability insurance
This policy covers basic liabilities for auto service businesses, protecting against dealer risks like customer injury at a repair shop. To maximize savings, businesses can bundle it with property insurance or a business owner’s policy for broader coverage.
Under this plan
Customer injuries at a repair shop
Accidental vehicle damage
Slander and advertising injuries
Workers’ compensation insurance
Workers’ comp is required for auto shops in almost every state to cover employee injuries and related costs. It protects both employees and sole proprietors by handling work injury costs that health insurance might deny.
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits
Tools and Equipment Protection Plan
Contractor’s tools and equipment insurance helps protect your construction gear no matter where you go. This policy keeps your tools and equipment safe while you’re moving them (in transit) or using them at a jobsite. To qualify, your items usually need to be valued under $10,000.
Under this plan
Equipment less than five years old
Mobile equipment
Small toolsa
Professional Liability Protection Plan
Professional liability insurance for contractors, also known as errors and omissions insurance, protects against financial losses when a construction mistake or oversight causes a lawsuit. This policy is key for handling claims related to your work and promises made to clients.
Under this plan
Accusations of negligence
Failure to complete construction
Failure to use promised materials
How much does business insurance cost for home inspectors?
The cost of business insurance for home inspectors depends on several key factors. A home inspector working independently typically pays less than a larger company. Some of the primary factors affecting the premiums include:
- Inspection services offered
- Business property and equipment
- Business income
- Types of insurance purchased
- Policy limits and deductibles
Each of these aspects influences the overall cost of insurance coverage, which helps ensure protection against potential risks.
How do I get home inspection business insurance?
Getting business insurance for home inspectors is straightforward if you have your company details ready. Here’s how you can easily secure home inspection business insurance:
- Complete a free online application.
- Compare insurance quotes and select the best policy.
- Pay for your insurance and download the certificate.
Our licensed agents work with top-rated U.S. providers to ensure you get the most affordable coverage that fits your needs, whether you operate independently or hire employees.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Common Questions About Home Inspector Insurance
Home inspector insurance typically costs between $1,000 to $2,500 per year. This cost covers professional mistakes, omissions, or negligence that could lead to legal claims, ensuring the business is protected.
Home inspectors generally need Professional Liability insurance (also called Errors & Omissions or E&O insurance) and General Liability insurance. Professional Liability covers mistakes in inspections, while General Liability protects against third-party bodily injury and property damage claims.
Yes, insurance is often required for vehicle inspections. Most states require proof of insurance to pass the inspection and legally drive.
Typically, when buying a home, you can negotiate with the seller to have them cover the cost of repairs based on the home inspection report findings. You usually have 5-10 business days to request repairs in writing after the inspection.
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"Home inspector insurance is a must-have! It gives me peace of mind knowing I’m covered for accidents, property damage, and legal claims. The process to apply was simple, and the cost is well worth the protection."