Thread: Inspector Insurance

Can anybody direct me to an insurance company that covers liability if I were to start a company? It would have to be substancial coverage for the industrial facility I am responsible for.

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Its customary to list your location.

Are you in the USA, Canada, Hawaii, Alaska....?

Texas USA

Virtually any insurance agency can handle that for you. The first thing is to narrow down what kind of insurance you want and what you do. Professional liability and general liability are two totally different animals with substantially different prices and purposes.
General liability covers the clients property from damage caused by you.
i.e. you blow up the building when lighting a pilot light, fall through the roof, etc.

Professional covers the client from damage caused by your negligence in your reporting.
i.e. you miss a rotted out beam and fail to report on it when your client is purchasing the property.
Also called errors and omissions insurance.

Originally Posted by Jim Luttrall

Virtually any insurance agency can handle that for you. The first thing is to narrow down what kind of insurance you want and what you do. Professional liability and general liability are two totally different animals with substantially different prices and purposes.
General liability covers the clients property from damage caused by you.
i.e. you blow up the building when lighting a pilot light, fall through the roof, etc.

Professional covers the client from damage caused by your negligence in your reporting.
i.e. you miss a rotted out beam and fail to report on it when your client is purchasing the property.
Also called errors and omissions insurance.

So I miss something during an inspection of a project I am watching and sign off on it with my Master/ICC certification creditials. Somewhere down the road a malfunction occurs due to say the wrong lugs being used and a major shutdown occurs causing an evacuation and several millions in production loss. This would be Professional Liability coverage? Where do I sign?wr

- - - Updated - - -

Originally Posted by Jim Luttrall

Virtually any insurance agency can handle that for you. The first thing is to narrow down what kind of insurance you want and what you do. Professional liability and general liability are two totally different animals with substantially different prices and purposes.
General liability covers the clients property from damage caused by you.
i.e. you blow up the building when lighting a pilot light, fall through the roof, etc.

Professional covers the client from damage caused by your negligence in your reporting.
i.e. you miss a rotted out beam and fail to report on it when your client is purchasing the property.
Also called errors and omissions insurance.

So I miss something during an inspection of a project I am watching and sign off on it with my Master/ICC certification creditials. Somewhere down the road a malfunction occurs due to say the wrong lugs being used and a major shutdown occurs causing an evacuation and several millions in production loss. This would be Professional Liability coverage? Where do I sign?rr

Originally Posted by Richard Robinson

So I miss something during an inspection of a project I am watching and sign off on it with my Master/ICC certification creditials. Somewhere down the road a malfunction occurs due to say the wrong lugs being used and a major shutdown occurs causing an evacuation and several millions in production loss. This would be Professional Liability coverage? Where do I sign?rr

How much are you willing to pay for that coverage?

The coverage is out there, but if you want to pay pennies then it will cover nickles ... if you want to cover big bucks like that the you will pay big bucks ... it is all within your choices as a business owner.

I can get you a form right now if you want to pay millions of dollars in premiums for hundreds of dollars in coverage ... I'll create it on the computer and get the state to accept it ... after you make your first year's full premium payment.