General Liability Insurance?

[Schuyler W. Hellings]

Mr. Perry, what about an individual who is operating as a DBA? My $500 policy has $1 Million Hired Non Owned auto coverage. What about their contents for their business? That is often an excluded item on a Homeowners policy and may not be able to be endorsed on. What about computers? Their are limitations on Home policies or exclusions. $25,000 available on the policy I sell for $500. I respect your opinion, I look forward to a debate.

[Jae Williams]

I love it in Ohio--everything is so much cheaper.
I have $1,000,000/$2,000,000 GL for $378.00 per year.

I got a better buy on E&O as well.

[Dale L. Staben]

Originally Posted by jferry

General liability insurance is the LEAST important insurance that a home inspector needs. That is reflected in its price - $425.00 for $1,000,000 under the NACHI E & O program.

What you need to do as a home inspector is to address your largest liability exposure, professional liability. You can handle the broken lamps and soiled carpets out of your pocket. The missed foundation problem is another story.

So Joe,
I have a question.... If we use the NACHI agreement and Incorporate the business, and the state we operate in does not require any type of E&O, does the probability of being sued go down given that Hi's are not required to have it. Due to the high cost of buying it here in New Mexico not all Hi's carry it.
Basically I see it as a damned if you do damned if you don't.

We carry it and become a target to get sued or take our chance with the Corporation and hope that since the E&O insurance is not in place, we are not as easy a target!

Just my musings on this issue.

[rpaul]

Hello all the NYer Inspectors.

I am looking for an Insurance Company, who provides General Liability Insurance who does not do the auditable Insurance. Every year you go up
in the income, the insurance rates increase.

Rick Paul

[jhanna1]

Rickey, I would give Schuyler a call. The GL policy he offers is excellent. It is a customized policy that covers many different items that other co. including Dryden do not even mention.
Schuyler's policy is also written so it is easily understandable compared to other poicies out there.
Jim....................

[nbhi]

Jae,

What are you paying for E & O in Ohio if I may ask?

[gporter]

I pay $560.00 through auto-owners insurence.

[Blaine Wiley]

Originally Posted by gporter

I pay $560.00 through auto-owners insurence.

For E&O or GL??

My GL is $376.

[Schuyler W. Hellings]

The policy I provide for NACHI members provides the same premium for NY Inspectors (variation is between $504 -$512) and these individuals make as little as $5,000 as part timers to as high as $160,000 for full timers with employees.

[Nick Gromicko]

Louis,

You are in New York. Here is a NY agency that offers GL for NACHI members: http://www.nachi.org/chgl.htm specific for NY licensing.

http://www.nachiservices.com/news.html does too.

[gporter]

Blaine, G and L. Who are you with on G and L

[Blaine Wiley]

Originally Posted by gporter

Blaine, G and L. Who are you with on G and L

Nationwide.

[briddle]

I paid $325 from State Farm.

[Louis Cannizzaro]

Thanks to all, I paid $520 thru Allen Group thats for New York City area.