Thread: Any trade associations that require E&O for membership?

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?

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.

Originally Posted by Jim Powlesland

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!

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

Originally Posted by Scott Patterson

They also make more money!

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

InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics I.10.

Originally Posted by Lisa Endza

InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics I.10.

Well so does ASHI, NAHI and AII and pretty much everyone else in between if it is required by a state law.

InterNACHI also provides negligent referral protection to any real estate agent or broker who recommends an InterNACHI inspector.

Originally Posted by Lisa Endza

InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics I.10.

Code of ethics huh?