Home Inspector Insurance

Why Do Home Inspectors Need Insurance?

Even though most states don’t have insurance requirements for home inspectors, the benefits of having insurance coverage can make all the difference for your livelihood and risk management plan. When you examine a home and its structure, it can leave you open to all kinds of risks.

From bodily injuries to accidental property damages, home inspector insurance helps protect small businesses like yours. We’re here to help keep you protected with business insurance coverages made for your industry.

What Kind of Insurance Do Home Inspectors Need?

Many home inspectors start with a Business Owner’s Policy (BOP), which is great for small businesses. With a BOP, you’ll receive these three essential coverages:

General liability insurance, which helps protect business owners from claims that their services caused bodily injury and property damage.
Business income insurance to help recover your lost income if you can’t operate because of covered property damage.
Commercial property insurance to help protect your business’ building or home inspecting tools, whether they’re owned or rented. This includes coverage for your tape measures, respirators, moisture meters and more.

You can even choose to customize your BOP to add more coverage, allowing you to create the best home inspector insurance policy for your business. To learn more about BOP coverage, E&O insurance and general liability insurance, get a quote today.

You Won’t Have to Wait With Us

We know how important your time is. That’s why we offer the option to get your proof of insurance instantly online.

Covering Your Home Inspection Business’ Operations

We know it can be hard work to run a home inspection business, but our unique coverages are here to make it easier for you. Our home inspector insurance protects you whether you’re heading to an appointment or inspecting a home – and for just about everything in between.

According to the National Highway Traffic Safety Administration, there are an average of 100 car accidents a day.¹

Injured Employee

“One of our home inspectors had a serious accident and had to miss two months of work. We were only able to make up some of the appointments he had scheduled.”

Business income for essential employees coverage can help recover lost income if a full-time employee has to miss work for at least a month.

Customer Loss

“While I was inspecting a home, I somehow misplaced the client’s keys. I looked everywhere, but never found them.”

If you or your employees lose a customer’s keys, we’ll help pay the costs to replace the locks.

Covering Your Team of Home Inspectors

Your employees play an important role in running your home inspection business. With home inspector insurance, you can help protect your team from work-related injuries or illnesses.

In 2018, there were over 5,000 nonfatal injuries and illnesses in real estate-related services.²

Employee Illness

“One of my inspectors was looking at a house that was about to go through mold remediation. Even though she had a respirator on, she got lightheaded and ended up in the hospital.”

Workers’ compensation insurance gives your employees benefits to help them recover from work-related injuries or illnesses. With our coverage, your employees can access our network of over 1 million providers and 65,000 pharmacies.

Car Accident

“One of the inspectors was driving to an appointment when he rear-ended another driver. It caused a lot of damage and both cars had to get towed.”

Commercial auto insurance can help protect your home inspectors on the road if they’re driving for business. It helps cover the damages from an auto accident that you or an employee caused.

Covering Your Home Inspection Business’ Property

Small businesses face big risks every day. That’s why having the right home inspector insurance coverage is so important. We’re proud to protect your home inspection business’ property – both digital and physical. And we’re here to make sure that the risks you face won’t result in you having to close your doors.

About 42% of small businesses aren’t equipped to handle cyber threats.³

Broken Equipment

“I arrived at a client’s home for an inspection only to realize my radon monitor was broken. I couldn’t finish the inspection and had to reschedule it while I waited for a new one to come in.”

Contractor’s tools coverage helps protect the equipment you need for home inspections. We can help cover your replacement costs for tools valued at under $500.

Stolen Client Information

“When our firm’s computers got hacked, we lost some inspection reports. This included customer names, addresses and other personal information. Of course we had to notify each one about the breach.”

Data breach insurance, also known as cyber liability insurance, helps small businesses respond to a breach if confidential information gets lost or stolen. We can help cover your costs to notify impacted individuals and offer credit monitoring services.

How Much Does Insurance Cost for a Home Inspector?

Home inspector insurance costs vary depending on factors like your:

Type of assets
Property owned
Number of employees
Size of payroll
Claims history

To learn how much your liability coverage will cost, get a quote today. We offer competitive rates and can help walk you through any additional costs.

Other related professions we also insure include: