Because home inspection is not licensed, many inspectors do not carry insurance for their business. Most professional inspection companies carry general liability insurance. Some companies carry errors and omissions insurance, and depending on the size of the company, some, albeit few, will carry worker’s compensation insurance for their employee inspectors.
Falling through an attic, roof accidents and electrical accidents are daily occurrences in the home inspection industry. Sellers will be more at risk for inspector injuries in the field when the inspector they have hired does not carry worker’s compensation insurance.
In the last few years there has been a huge increase in the cost of insurance for home inspectors. Many inspection companies are having to pass the cost on to customers because of the expense, and the fact that they are competing in an un insured market. In the same way renting cars requires various levels of insurance, the home inspection industry is beginning to take the same steps.
When choosing an inspection company or inspector, make sure they are adequately insured. Don’t place yourself, the Realtor or existing homeowner at risk to inspector injuries, missed defects or poor service.
Please be aware that at the time of printing, the listed companies confirmed their insurance coverage. Inspection Depot, Inc., the publisher nor the printer reviewed each company’s policy. Insurance coverage also changes on a constant basis and while some of the inspectors listed in this manual may have insurance at the time of print, these conditions may change at any time. It is the reader’s/user’s responsibility to ensure that their chosen home inspector is adequately insured. Inspection Depot, Inc., the publisher nor the printer accept any responsibility with regard to the inspections conducted by any of the listed inspectors in this guide.