Kyle Meadows
05-14-2011, 05:22 PM
Hello all,
I'm considering going into the HI business part-time to supplement my music career, which is variable and seasonal. I have about 20 years experience renovating my 160 year old house from (below) the ground up, and building a few sheds and shops. (I say this not to imply any expertise, just to give some background. I would attend HI school before launching a business).
Local inspectors say that the start up costs are too high to do it just part-time.
Anyone have any experience/opinions on that idea? Would clients shy away from a part-time inspector?
Also, I have heard conflicting opinions on the necessity of E&O insurance, with one person calling it a scam (filled with loopholes for the insurance company to avoid paying a claim, and then if they ever do they'll drop you) and another claiming he couldn't sleep at night without it.
Finally, I would like to know the percentage of inspectors who have been sued by a client, as that is probably the scariest aspect of the business to me, at this point.
I appreciate any and all advice on these matters.
Cheers!
Kyle Meadows
I'm considering going into the HI business part-time to supplement my music career, which is variable and seasonal. I have about 20 years experience renovating my 160 year old house from (below) the ground up, and building a few sheds and shops. (I say this not to imply any expertise, just to give some background. I would attend HI school before launching a business).
Local inspectors say that the start up costs are too high to do it just part-time.
Anyone have any experience/opinions on that idea? Would clients shy away from a part-time inspector?
Also, I have heard conflicting opinions on the necessity of E&O insurance, with one person calling it a scam (filled with loopholes for the insurance company to avoid paying a claim, and then if they ever do they'll drop you) and another claiming he couldn't sleep at night without it.
Finally, I would like to know the percentage of inspectors who have been sued by a client, as that is probably the scariest aspect of the business to me, at this point.
I appreciate any and all advice on these matters.
Cheers!
Kyle Meadows