EliteMGA, powered by its own insurance carrier, EliteRE, has specially crafted its insurance product, using its years of experience insuring inspectors (and experiencing claims with its insureds) to protect the professional Home Inspector.
Starts with a foundation of Errors and Omissions
Our E&O insurance for home inspectors policy will provide your company, your employees, and you with protection against lawsuits or claims that are based on omissions or mistakes made in your inspection which resulted in financial damages for the client. The policy can even be prepared to provide protection from fees charged by attorneys or a settlement amount if you are determined to be guilty of an error or omission.
Termite/WDI – Damage to a home caused by insects or termites that are discovered after the report is completed, this coverage can be added to extend to these services for properly trained inspectors
Commercial – Inspect a commercial building rather than a home, limitations may apply where
Radon – Testing for radon gases, whether it’s due to your device malfunctioning or some other margin of error
Lead Paint – An older home still contains lead paint in some capacity and you miss it during your inspection
Pool/Spa – A home you are inspecting has a pool or spa, and your inspection fails to uncover issues in the pool’s decks, steps, interior finish, cleaning system, diving boards, or other features
EIFS/Stucco – You inspect a home built with exterior materials that are prone to moisture, like EIFS or Stucco, and there are errors in your testing
Green Building Inspections – Inspecting for energy efficiency
Indoor Air Quality Testing – Air samples are taken in the property and sent to a lab
Infrared Thermography – Infrared technology can help you immensely with your home inspections, and these services can be added to extend to these services for properly trained inspectors
Rodent Inspections – If there is rodent damage in a home, or signs of an infestation occur after an inspection, coverage can be added to extend to these services for properly trained inspectors
Mold – Air samples are taken in the property and sent to an approved lab to determine if mold is located, coverage can be added to extend to these services for properly trained inspectors
Septic/Water Testing – Water and septic systems vary in complexity, and specific coverage can be added to extend to these services for the properly trained inspector
Accredited Association Memberships
Education Participation
Holding Additional Licenses (electrical, contracting, plumbing, HVAC, industry-relevant)
Software Use
Technology/Equipment Use (Cameras, etc)
You have multiple inspectors? We rate 2 inspector groups for the price of 1! Your business is growing and needs cash flow? We can add all inspectors mid-term for no additional cost until renewal. Do you have a large group of inspectors? Our group rates are SENSATIONAL!
Prices for home inspector E&O insurance will vary based on specific factors.
The policy can be tailored to your specific businesses needs and services offered, including:
A variety of deductibles options from $1,500 to $10,000
The total dollar amount that will be paid for each liability type, from $100,000 to exceed $1,000,000
Selection of specific services offered by your company
Number of Inspectors
Claims History
Retroactive date of your prior insurance (if you have been in business)
Errors and omissions insurance for home inspectors will provide your company, your employees, and you with protection against lawsuits or claims that are based on omissions or mistakes made in your inspection which resulted in financial damages for the client. E&O insurance for home inspectors can even be prepared to provide protection from fees charged by attorneys or a settlement amount if you are determined to be guilty of an error or omission. Generally speaking, E&O insurance will cover you for a third party’s financial loss. You can, however, have a claim arise as a result of your “Professional Services” that could cause bodily injury, or property damage (BI/PD claim). This is why it is important to also have a “contingent” BI/PD component of your home inspector errors and omissions insurance policy. This type of “contingent” coverage should not be confused with a Bodily Injury/Property Damage claim that would fall into a General Liability claim. Read about General Liability insurance to understand why you should couple your home inspector errors and omissions insurance with general liability Insurance.
Complex areas that home inspectors routinely examine during the course of a home inspection and need to make professional assessment of:
These systems are highly complex and a well-trained inspector will be asked to do a tedious assessment of each one and more! Our Home Inspectors are rigorously trained, however, even the best trained and experienced Inspector can make a mistake – THIS IS WHY YOU NEED E&O INSURANCE FOR HOME INSPECTORS!
Home Inspection E&O policies cover judgments, settlements and defense costs that may be brought against the inspector. Even if the allegations are meritless, the cost of defending your professionalism can be daunting. In short, E&O coverage provides protection for you, your company and your employees in the event that a client of yours alleges that an error or omission on your part has caused a financial loss for the client regardless of whether or not the allegation has merit.
Home inspection E&O insurance is important because claims against home inspectors can and do happen. The cost of covering a claim in which the inspector is found negligent can be devastating and expensive. While the cost of the average home inspector errors and omissions insurance policy pales in comparison to the cost of a claim, thus evoking the “Penny-wise, Pound Foolish” adage. Even if the inspector did absolutely everything correct, he will still have an expense to defend himself against a weak or frivolous claim. The expense to hire an attorney to clear you from any implied wrong-doing can be extremely costly and detrimental to your business. Claims and legal expenses that arise from legitimate and frivolous claims can range from $500 to hundreds of thousands of dollars.
I have had my E&O Coverage with these folks for years and have been satisfied with their customer service. They have responded quickly when I have needed any documentation to provide to new clients, lenders, builders, real estate brokers, etc.
EliteMGA has been very responsive to my needs as a home inspector and the E&O Insurance cost is very competitive.
By far the best E&O insurance for HI out there!
Best Home Inspectors E&O insurance out there. Super professional, very responsive and heplful. Ben Garrison is the man!
I have had EliteMGA as my E&O insurance for the last 22 years. The customer service is fantastic! And I can’t complain about the rates either! Thank you for all you do!
Ive been in the home inspection business since 1998, EliteMGA is by far the best E&O / GL carrier I’ve ever dealt with. If you’re wise, you’re going to sign with EliteMGA.
As a home inspector EliteMGA was recommended to me by many of my peers. Everything has been great thus far and customer service is always prompt, friendly and knowledgeable. Luckily for me I have not had any claims filed but feel good knowing they are there for me.
I use EliteMGA for my new home inspection business and they have been great. The rates are competitive and the service is outstanding. Anytime I have a question, or need assistance Niccole from EliteMGA is there to help….
When you have a question or a problem Eiipro either knows the answer or gets you the RIGHT answer. Any error and omission insurance company is only as good as the person you deal with, that is why I deal with Eiipro and have done so for years.
To learn more about our errors and omissions insurance coverage for home inspectors, please contact our Home Inspection Insurance Team at inspection@eiipro.com, or call 800-355-1185.