Insurance: YES or NO?

[Gary Brearley]

How about a statement I saw in a client contract that said the inspector would only be liable for up to the cost of two inspection fees for any oversight or omission. Is that a valid or protective?
How about an LLC?

[James E. Braun, CMI]

There has been some in recent years in my area too. They are no longer in business.

[James H. Bushart]

Originally Posted by rspriggs

www.nachi.org/adrs

They best way to go.

[Larry D. Kage]

Originally Posted by Gary Brearley

How about a statement I saw in a client contract that said the inspector would only be liable for up to the cost of two inspection fees for any oversight or omission. Is that a valid or protective?
How about an LLC?

An attorney and/or accountant may be more helpful for your questions.

[Ben L. Garrison]

Originally Posted by Gary Brearley

How about a statement I saw in a client contract that said the inspector would only be liable for up to the cost of two inspection fees for any oversight or omission. Is that a valid or protective?
How about an LLC?

Limitation clauses are upheld in some states but not in others. Corporate structure, i.e LLC per your question, is going to be more for taxation purposes than liability in most cases.

[Brian E. Kelly]

Originally Posted by jbushart

They best way to go.

No evidence to support that this works any better than E&O.

[Brian C. Hoagland]

Originally Posted by jburkeson1

Move to Florida, your home, health insurance account and retirement funds are beyond the grasp of the greedy lawyers.

How are you going to pay for your home, health insurance and retirement when all your income has been stolen by a settlement which has a court ordered payment monthly.

Here is how... Mortgage the home, pay a portion from the monthly income from the retirement account, and hope like hell you don't get sick so you can work till you die to pay it off. Reality bites. Get a grip, nothing can protect you from the evil of this sue crazy nation.