Other Professional Insurance for Home Inspectors

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Errors and Omissions insurance is an important component in a home inspector’s figurative toolbox, but there are several other types of insurance that a home inspector should look into in order to make sure he or she is as fully protected as possible.

General liability insurance protects home inspectors from claims related to property damage and personal injury to their customers or a third party.  General Liability insurance is sometimes required by the state or to enter a property.  When coupled with E&O insurance, GL insurance fully protects home inspectors from the most common claims in the industry.

Commercial Vehicle Insurance is designed to cover physical damage and liability for amounts, situations, and usage not covered by a personal auto policy. This type of business insurance covers a variety of vehicles. You may also have heard of this coverage referred to as commercial auto insurance, commercial car insurance, truck insurance, or fleet insurance.

Unmanned Aircraft Systems, or UAS/UAVs, and are the latest technology utilized in varying industries ranging from agriculture to surveillance. As the popularity and list of uses for UAS and UAVs grow, so does the need to properly insure the aircraft for physical damage as well as the risk of liability. EliteMGA now offers coverage for inspectors who use drones and other aerial devices during the course of business. To learn more, please contact us.

Is your equipment really insured when the unexpected happens? You are eligible to purchase tools and equipment coverage through EliteMGA, LLC. Our policy has better protection than most business policies on your tools, tablets, and even your drones.

Worker’s Compensation Insurance can make up the difference for any lost wages and medical expenses incurred and when you are injured on the job. This kind of insurance ensures that you are not held responsible for any medical expenses you encounter from being injured during an inspection. The insurance would also protect you from having to go to court to obtain compensation (the way you would in a Personal Injury case).

Normally referred to as simply “bonding,” this type of insurance protects against loss caused by negligence, fraud, or dishonesty. It means that if something goes wrong with an inspection as the result of another person or company, you and your business will be protected.