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  • What's E&O insurance?

    In the specific instance, E&O insurance, or errors and omissions insurance, is the coverage that handles any and all claims by a home inspection client. Similar to professional liability, these are services that a home inspector either provided, or neglected that then resulted in a loss client monetarily. This insurance covers you for both errors and omissions allegedly made or missed while conducting an inspection of a property.
  • What does E&O insurance cover?

    E&O policies cover judgement, settlements, and defense cost. Even if the allegations are without merit, the cost of defending your professionalism can be daunting. As an example, the Congressional Budget Office has determined that in 2002, the average unmeritorious medical malpractice claim - a claim that did not result in a payment to the claimant - cost $22,000 to defend. In short, E&O coverage provides protection for you, your company and your employees in the event that a client of yours alleged that error omission on your part has caused a financial loss for the client regardless of whether or not the allegation has merit.

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