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View Full Version : Any trade associations that require E&O for membership?


Phillip Stojanik
04-23-2014, 12:30 PM
I was curious to know if there are any trade associations out there that require their members to have E&O insurance? I seem to remember that there was at least one that did but I can't seem to verify that dusty memory.

I'm not talking about recommending having E&O or offering to sell you E&O but actually requiring it for membership standing.

Any input?
Jim Powlesland
04-28-2014, 07:57 AM
An accountant I spoke to said they are required to carry E&O. And their rates were much higher than for home inspections. Apparently accountants get sued a lot.
Scott Patterson
04-28-2014, 03:08 PM
An accountant I spoke to said they are required to carry E&O. And their rates were much higher than for home inspections. Apparently accountants get sued a lot.

They also make more money! :D

I do not know of any membership association that requires it, I'm sure they are some but none I know of.
Jim Powlesland
04-28-2014, 03:24 PM
They also make more money! :D

I do not know of any membership association that requires it, I'm sure they are some but none I know of.

It is a mandatory requirement for all certified general accountants in Ontario, Canada.

Certified General Accountants of Ontario - Liability Insurance (http://www.cga-ontario.org/Professional_Practice/Liability_Insurance.aspx)
Lisa Endza
04-29-2014, 03:06 PM
InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics (http://www.nachi.org/code_of_ethics.htm) I.10.
Scott Patterson
04-29-2014, 04:57 PM
InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics (http://www.nachi.org/code_of_ethics.htm) I.10.

Well so does ASHI, NAHI and AII and pretty much everyone else in between if it is required by a state law.
Lisa Endza
04-29-2014, 07:22 PM
InterNACHI also provides negligent referral protection to any real estate agent or broker who recommends an InterNACHI inspector.
Marc M
04-29-2014, 09:29 PM
InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics (http://www.nachi.org/code_of_ethics.htm) I.10.

Code of ethics huh?