Home Inspectors Liability Program |
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Legends Environmental’s Home Inspector programs can include premises liability insurance and is rated based on the number of insured inspectors—optimizing cost-efficiency. Coverage is underwritten by an A + rated insurer with sound financial strength and flexibility. Policy at a Glance Home Inspectors Liability Insurance protects home inspectors in claims arising from allegations of wrongful acts, errors and omissions in residential real estate inspections. Who's it For Virtually any individual residential home inspector or home inspection firm is considered. Even inspectors with no experience and new ventures. Coverage can be written in all states except Delaware and Washington, D.C. Optional Enhancements
Coverage can be expanded to include:
√ Premises liability insurance (claims-made or occurrence basis)
√ Radon inspections
√ Termite inspections
√ “Referral” protection, extending coverage to entities that commonly refer inspectors to customers, e.g., real estate brokers
Minimum Premiums / Limits
√ Minimum premium: $3,150 for a $1 million limit; lower limits are available at lower minimum premiums
√ Matching limits up to $1 million are available for premises liability
√ Sub-limits to $250,000 available for termite/pest inspections (subject to a $5,000 deductible)
√ Sub-limits to $100,000 available for radon inspections (subject to a$3,000 deductible) Underwriting
Requirements
√ Signed Application
√ Loss history
√ Resumes for any inspector with less than three years of experience
√ Use of a pre-inspection contract required |
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