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How much does insurance cost for building inspectors?

The cost of building inspector insurance is determined by several factors, including the policies you buy and the type of properties you inspect. Cost estimates are sourced from policies purchased by Insureon customers.

General liability insurance icon

General liability costs for building inspectors

Building inspectors pay a median premium of $35 per month, or $445 annually, for general liability insurance. This policy protects building inspectors from third-party injuries and property damage. If a client trips over your business equipment and is hurt, or you accidentally damage client property, your general liability policy can cover the expenses.

Insureon's licensed agents typically recommended a business owner's policy, which combines general liability insurance with property insurance. A BOP protects your own business property, along with guarding against the most common business risks.

Median cost per year: $445
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about general liability insurance.

Professional liability insurance icon

Professional liability insurance costs for building inspectors

The median cost of building inspector professional liability insurance is about $115 per month, or $1,400 annually.

This policy, also known as errors and omissions insurance, protects building inspectors against lawsuits from clients claiming that you made errors during an inspection, delivered a report late, or were negligent in an inspection.

Median cost per year: $1,400
Policy limit: $750,000 per occurrence
Policy deductible: $2,500

Learn more about professional liability insurance.

Get free quotes and compare policies with Insureon

Insureon’s agents work with top-rated U.S. insurers to find the best coverage for the risks building inspectors face. If a client sues over a home inspection you performed, you’ll have the insurance protection you need. Apply today to compare quotes from multiple carriers with one free online application. If you purchase a policy, you’ll work with an account manager who specializes in risks for home inspectors.

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