Home Inspectors Insurance in Florida

Home inspection companies face many risks. Employee injury is always possible, and workers’ comp is state-mandated for many businesses, so that coverage is important. Accidental fires and computer theft or damage should be covered by a business owners policy. Errors and omissions or E&O insurance (also known as professional liability insurance) can protect you in the event that you make a mistake in the work you do for clients. A commercial auto policy is important as you drive to meetings. Many clients require a Certificate of Insurance, which is available online as soon as you purchase a policy from us.

What are the Different Types of Home Inspector Insurance?

Workers’ Compensation Insurance

This insurance helps protect your business if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury.

Commercial Auto Insurance

If your company owns or leases vehicles, this policy protects the vehicles and drivers from any damage incurred during the course of business.

Errors & Omissions Insurance

Also known as errors and omissions (E&O) insurance, this policy could protect you from the cost of damages and legal fees when someone claims your professional service caused financial harm to them or their business. Coverage includes both mistakes on the part of your business (errors) and the failure to perform a service (omissions). Professional liability (E&O) insurance should be considered if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.

Umbrella Insurance

Every insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: it can cover costs that exceed the limit of another policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.

General Liability Insurance

Also known as commercial liability insurance, a general liability policy is important, because general contractors and landlords often require a policy before they hire you. The policy covers damages and legal costs associated with injury claims to customers and other people you don’t employ, damage to other people’s property that was caused by your business, and medical costs associated with these incidents. It also covers libel, slander, and copyright infringement.

Cyber Insurance

This coverage can be purchased as an add-on to a general liability, professional liability (E&O), or BOP policy. It helps cover costs related to system hacks or data security breaches in which sensitive information has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.

Business Owners Insurance

Commonly referred to as a business owner’s policy (BOP), it combines general liability insurance with coverage for your company’s property. You’ll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running, such as the use of a temporary location.

Call Dorsal Insurance today for a quote (786) 601-2485