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  1. #1
    Join Date
    Mar 2007
    Location
    Houston, Texas
    Posts
    293

    Default 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?

    Inspection Referral

  2. #2
    Join Date
    Feb 2014
    Location
    Alberta
    Posts
    9

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

    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.


  3. #3
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,847

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

    Quote Originally Posted by Jim Powlesland View Post
    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.

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  4. #4
    Join Date
    Feb 2014
    Location
    Alberta
    Posts
    9

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

    Quote Originally Posted by Scott Patterson View Post
    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


  5. #5
    Join Date
    Mar 2009
    Location
    Denver
    Posts
    893

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

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

    Lisa Endza
    Director of Communication
    InterNACHI

  6. #6
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
    Posts
    5,847

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

    Quote Originally Posted by Lisa Endza View Post
    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.

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  7. #7
    Join Date
    Mar 2009
    Location
    Denver
    Posts
    893

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

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

    Lisa Endza
    Director of Communication
    InterNACHI

  8. #8
    Join Date
    Sep 2008
    Location
    so so, California
    Posts
    1,769

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

    Quote Originally Posted by Lisa Endza View Post
    InterNACHI requires E&O indirectly in those jurisdictions that require it. See InterNACHI's Code of Ethics I.10.
    Code of ethics huh?

    The MAZZA INSPECTION GROUP
    www.mazzainspections.com
    Level III Thermo-picture-taker-er...er

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