Originally Posted by
Jeff Knight
2 things I would bring up to think about:
1) Some inspectors have found out that having E & O insurance and advertising it is like taping a bullseye on your back for being sued.
I have not seen this to be an issue and I have worked under mandated E&O for right at 7 years!
Kind of like state required car insurance. You don't really see or hear about folks running into each other to file a claim on their auto insurance.
2) How are the E & O insurance companies dealing with the required TREC formatted report that has a lot to be desired ?
It has been my experience that the E&O providers do not really care what is in the report as long as it meets your states standards. Several states have required formats or standards that home inspectors need to report under, TX is really no different when it comes to that. You can always report to a higher standards as many inspectors in TX do. You use the required state standards as the base or minimal standard. In many of the inspector cases that I have worked on as an EW, the inspectors were hung because the used the minimal standard and not the
Standard of Care!! The E&O coverage is for your protection in the event that your screw-up or your client thinks that you screwed-up!