InterNACHI® members receive exclusive discounts and enhanced coverage through ourmembers-only insurance program.
Are you an existing InterNACHI® member? Log in forfull access to these InterNACHI® insurance programs.
Better Rates
Almost every consumer shops for insurance with the goals of paying the least and getting the most.Obtaining your liability insurance from an industry specialist like InterNACHI’s Elite Risk Insuranceprogram can help you achieve both. With a program tailored specifically for the home inspectionprofession, you'll have access to competitive premiums and great coverage. If you find a quote for lessmoney, just let us know so that we can review it and make sure it applies to your needs in terms of coverage,deductible, carrier status, etc.
Better Coverage
What good are low premiums if the policy doesn’t cover a claim filed against you? You don’t want to find thatout the hard way, as it will create a tremendous financial hardship having to defend a claim on your own.Liability insurance has many facets. Home inspectors typically have a need for both Professional Liability—oftenreferred to as Errors & Omissions or E&O insurance—and General Liability to cover third-party bodily injuryand property damage claims. Insurance policies are contracts with significant limitations and exclusions, which couldleave wide gaps in coverage if the right protection is not in place. InterNACHI’s program offers different endorsem*ntsto cover you for a wide variety of ancillary services that you might be offering your clients. Elite's representativesalso understand the importance of maintaining continuous coverage to protect you from claims for inspections you performedin the past. Most importantly, they have a team of professionals who will take the time to review your insurance needs andprovide you with the appropriate solutions.
Zero Deductible
Almost all E&O policies have a deductible that you, as the insured, are responsible for paying. But InterNACHI memberscan now choose a zero deductible policy meaning you will pay nothing toward a covered claim.
Of course, you still have the option to choose a higher deductible policy at a lower premium than $0 deductible ifyou prefer. Don’t forget, InterNACHI insured’s already enjoy a vanishing deductible whereby it automatically reducesafter the first year if you’ve made on-time premium payments and are claim-free!
Fighting for the Inspector Who's Sued
It’s not a matter of “if” so much as “when.” As an inspector, if you stay in this business longenough, chances are you’re going to get sued. The vast majority of lawsuits against home inspectorsare meritless and fairly defensible, but it’s imperative to report the matter to your agent ASAP sothat you don’t jeopardize your coverage down the road. Many inspectors are reluctant to report anincident because they don’t want a blemish on their record or their rates to increase. That fearwill do more harm than good. Just because you report a claim doesn't mean that your rates willautomatically increase. In the event of a claim/incident, our insurance carrier analysts will workdirectly with you to gather information to formulate an appropriate response to a disgruntled clientin an attempt to diffuse the situation. In addition, the insurer utilizes a third-party expert in homeinspector litigation to further mitigate your liability exposure, when appropriate. And a claim mightnot even be subject to the deductible if the carrier doesn’t incur any expenses (such as the need toretain experts, question witnesses, etc.). Should you be named in a lawsuit and need an attorney, thecarrier will appoint local, vetted and specialized counsel to defend the matter, whenever possible. It’simportant to note that every claim situation is different in terms of liability, but it’s our goal tovigorously defend you if you’ve met the standard of care owed to your client.
Risk Management
As a home inspector, you need to be aware of the potential exposure you have as a business owner and lookfor the best and most effective ways to manage those risks. Insurance is an excellent way to mitigatepotentially costly liability and exposure, which could put you out of business, or worse. There are othertechniques to consider, such as risk transfer, but the first step is to identify the different kinds of exposureyou have by working with a professional insurance agent or risk manager to create a comprehensive plan to address them.
To better manage your risk, here are some other questions to consider:
- Is your inspection agreement compliant with all state licensing and consumer laws, where applicable?
- Does your insurance policy cover you for all the different services you offer?
- Do you use subcontractors to perform your ancillary services, such as radon testing, wood-destroying insect inspections, or mold testing? If so, are thesesubcontractors adequately insured? Do they list your company as an additionally named insured party on their policy?
- Do you hire independent contractors to perform inspections on behalf of your company? If so, are they covered under your policy
Don't go another day without making sure your E&O and General Liability coverage haveyou and your home inspection business fully protected. Let InterNACHI's Elite Risk Insurancegive you the peace of mind you need to sleep well!
Additional Downloads:
- SLEEP WELL: A Home Inspector's Guide to Managing Risk
