$1000 E&O Is Here

[John McKenna]

$1000 E&O for inspectors is here.
(Do your homework and don't call me if your not happy).

Here is one example of what I just purchased.

$1000 for ... $100,000/$300,000 E&O
$100 for ... bd/pd liability
$200 for extra 3 year protection extension beyond 1 yr.
$50 for tax
________________
$1350 Total per year

Covers me and ALL inspectors in my company.
Covers most ancillary services
Financing available

The carrier is James River (highly rated).
They have lawyers who dispute claims, before they
pay every bogus one that comes by.

You must have been in business for 3 year, and a ton of
other qualifications. They turn down many, so do not
get your feelings hurt.

They gave me my approval letter for TREC (for you guys
in Texas who may be wondering).

Contact Wally Glaser for questions (not me).

Wally Glaser
International Placement Services, Inc
101 South Hanely Road
Suite 700
St.Louis, MO 63105
Telephone: 314-725-8394 Ext.278
Fax: 314-725-4317
Cell: 314-761-8480
Email: wglaser@ipsico.com

I WILL NOT ANSWER QUESTIONS. I am not selling the policy.

Contact Wally.

[rcooke]

Originally Posted by jmckenna1

$1000 E&O for inspectors is here.
(Do your homework and don't call me if your not happy).

Here is one example of what I just purchased.

$1000 for ... $100,000/$300,000 E&O
$100 for ... bd/pd liability
$200 for extra 3 year protection extension beyond 1 yr.
$50 for tax
________________
$1350 Total per year

Covers me and ALL inspectors in my company.
Covers most ancillary services
Financing available

The carrier is James River (highly rated).
They have lawyers who dispute claims, before they
pay every bogus one that comes by.

You must have been in business for 3 year, and a ton of
other qualifications. They turn down many, so do not
get your feelings hurt.

They gave me my approval letter for TREC (for you guys
in Texas who may be wondering).

Contact Wally Glaser for questions (not me).

Wally Glaser
International Placement Services, Inc
101 South Hanely Road
Suite 700
St.Louis, MO 63105
Telephone: 314-725-8394 Ext.278
Fax: 314-725-4317
Cell: 314-761-8480
Email: wglaser@ipsico.com

I WILL NOT ANSWER QUESTIONS. I am not selling the policy.

Contact Wally.

Thanks John now if we can only get some one in Canada to offer this .
It sounds like they could get many great inspectors.
...Cookie

[John McKenna]

MORE INFO:

National Home Inspectors Program
International Placement Services Inc. / James River Insurance Company

Comprehensive Claims Made E&O policy designed for the PROFESSIONAL, EDUCATED & THOROUGH

Limits of Liability Available

$100,000 each claim / $300,000 all claims during your policy year

$250,000 each claim / $500,000 all claims during your policy year

$1,000,000 each claim / $1,000,000 all claims during your policy year

Deductible: $2,500 per claim (Claims assistance and support available)

Coverage Highlights:

Prior Acts Coverage Included
Multi Inspector Firms Included
Inspection Referral Coverage Included
Entity Coverage Included
Independent Contractors Included
36 Month Reporting Period Optional
Contingent Bodily Injury / Property Damage 10% AP
Commercial Inspections Included
Termite Inspections Included
Pool & Spa Inspections Included
Water Well & Septic Inspections Included
Carbon Monoxide Testing Included
New Construction Included
Lead Included
Radon Included
EFIS Included
Code Compliance Included

Premium Financing is available with 25% down payment and 9 ACH payments thereafter.

Coverage is currently available in the following states: AL, AR, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA,
KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NJ, NM, NY, NC, ND, OK, OR, PA, RI, SC,
SD, TN, TX, VT, VA, WA, WI.

For additional information, please feel free to contact Wally Glaser at (314) 725-8394 ext 278 or email at
wglaser@ipsico.com

This is only a brief description of coverage available under the Policy. The Policy contains limitations and exclusions. Full details of
coverage are contained in the Policy. If there are any conflicts between this documentation and the Policy, The Policy shall govern.
International Placement Services Inc. 101 South Hanley, St. Louis MO 63105 (314) 725-8394 Fax (314) 725-4317 www.ipsico.com

THIS IS ONLY A SAMPLE OF THE INFORMATION - NOT COMPLETE

[John McKenna]

Originally Posted by rcooke

Thanks John now if we can only get some one in Canada to offer this .
It sounds like they could get many great inspectors.
...Cookie

I hope the Canadians will get a break on their E&O cost as well.

[Troy Farmer]

Wouldn't you know it I am always excluded!! Boo Hoo

[Ben L. Garrison]

Well, well, well... another player enters the E&O market. Good luck with offering free retro and same price to multi-inspectors. Doesn't look like James River is the underwriter on this. Looks to me like another possible Lloyd's of London distributor.

[Joe Farsetta]

Ben,

If the offer is legit, what's the big deal?

[Ben L. Garrison]

Originally Posted by jfarsetta

Ben,

If the offer is legit, what's the big deal?

That's what remains to be seen... if it's legit. Time will tell.

[Michael R. Boyett]

I have been sending this e-mail out to as many Texas inspectors that I can that I think will meet the qualifications for the IPC offer. I'm very encouraged by it and hopefully others will follow suit with even more aggressively priced plans.

EO_Offering.pdf

[John McKenna]

Thanks Michael.

[Larry D. Kage]

Originally Posted by bgarrison

Well, well, well... another player enters the E&O market. Good luck with offering free retro and same price to multi-inspectors. Doesn't look like James River is the underwriter on this. Looks to me like another possible Lloyd's of London distributor.

Ben, what do you mean by free retro?

[Erol Kartal]

Originally Posted by lkage

Ben, what do you mean by free retro?

Most likely the three year extension for $200. It is amazing how they can charge so little for a three year extension after you quit.

[whandley]

Originally Posted by bgarrison

That's what remains to be seen... if it's legit. Time will tell.

Hey Ben;

It's a newer business, formed in 2003. They actually bought out another troubled insurance carrier, but were excluded from the lawsuit liability of the carrier. They changed the name to "James River" and off they go.

For my current level of coverage here in California, they come in at about $2800 per year. Thats about $700 per year less than my Allen Insurance policy and I think is pretty comparable with what you offer at FREA. I'm renewing with Allen again this year. I like the occurance type policy and overall their premium policy just seems to be a better product.

I also like my two page Allen application compared to the eight page James River app.

[whandley]

Originally Posted by lkage

Ben, what do you mean by free retro?

He means, providing coverage on prior inspections you performed while not insured with James River. Retro as in retroactive....

[John McKenna]

I do not see where they cover previous inspections. Where did that come from?