Why do home inspectors need insurance?
Home inspectors often need to examine every inch of a home, from the roof to the crawl space. It can be dangerous for you and your clients, who might follow you up a ladder or onto rotten planking. The best home inspector insurance covers lawsuits, injuries, and repairs if there's an accident.
Find the right coverage
Insureon helps home inspectors find insurance quotes that match their unique risks.
Get free expert advice and peace of mind knowing you have the right property and liability coverage for your small business.
What types of business insurance do home inspectors need?
These insurance policies cover the most common risks of home inspection.
Errors and omissions insurance
Errors & omissions (E&O) insurance for home inspectors can pay for legal costs related to the quality of your work. It's also called professional liability insurance.
- Failure to notice a construction defect
- Accusations of negligence
- Work errors and oversights
General liability insurance
General liability covers basic risks, such as a homeowner tripping on a ladder and falling. Bundle with commercial property insurance for savings in a business owner’s policy (BOP).
- Slip-and-fall accidents
- Damaged customer property
- Product liability insurance
Workers’ compensation insurance
Most states require workers’ comp for home inspection businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Employee injury lawsuits
Business owner's policy
A BOP bundles general liability coverage and commercial property insurance at a discount. It's often the most cost-effective type of insurance for home inspectors.
- Accidents that injure clients
- Client property damage
- Damage to your building or its contents
Commercial auto insurance
This policy covers legal costs and damages if a vehicle owned by a home inspection company gets into an accident. Each state has its own auto liability insurance requirements.
- Property damage caused by your vehicle
- Medical payments for bodily injuries
- Vehicle vandalism and theft
Tools and equipment insurance
This business insurance policy helps pay for repair or replacement of a home inspector's flashlights, ladders, gas detectors, and other tools. It's a type of inland marine insurance.
- Mobile equipment, such as a dolly or lift
- Tape measures, screwdrivers, and levels
- Moisture meters and voltage detectors
How much does business insurance cost for home inspectors?
A home inspector who works independently can expect to pay less for insurance than a larger company.
Factors that affect insurance premiums include:
- Inspection services offered
- Business property and equipment
- Business income
- Types of insurance purchased
- Policy limits and deductibles
How do I get the best home inspection business insurance?
It's easy to get business insurance for home inspectors and energy consultants if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Our licensed insurance agents work with top-rated U.S. providers to find the most affordable coverage that fits your home inspection business, whether you work independently or hire employees.
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