Originally Posted by
Ted Menelly
Yes Texas does have insurance requirements as stated by Bob. Personally, I have talked myself blue in the face with insurance salesmen about what E&O does for my clients that General liability does not. Basically if I where to miss something gen liab is going to cover me just like if a brickie puts a wall up and it falls down. I know some of you are going to state different but the insurance folks I have talked to tell me the same thing. E&O appears to have the advantage of covering referring parties (Whaaaaaaaaaaaat). If they don't tell me to flounder the report then they can't be held liable for anything anyway. If they did want me to fix the report in a sale favor I would tell my client and not do the inspection.
My thoughts. I would appreciate yours.
Ted
E&O is for your protection and not your client. This is the single largest misconception of professional liability insurance coverage. I have had E&O coverage for over ten years, seven of those ten years my HI license has required me to carry it.
If I'm sued because I screw up, I have the peace of mind knowing that my personal assets will not be attacked and that my E&O will cover the litigation cost. This is what E&O is for and the reason that you should have it.