E&O insurance quote

[rwand1]

I received this today and thought it maybe of interest.

Dear OAHI Member,

Please find the attached "Product Information Sheet" outlining our
insurance proposal for Residential Home Inspectors who are currently
operating within Ontario. Please take the time to review the attachment
and please feel free to contact our office at 1-800-519-6277 in order to receive a free-no obligation quote for your business.

Regards,

[Charles R. N. Crooker]

Originally Posted by rwand1

I received this today and thought it maybe of interest.

Dear OAHI Member,

Please find the attached "Product Information Sheet" outlining our
insurance proposal for Residential Home Inspectors who are currently
operating within Ontario. Please take the time to review the attachment
and please feel free to contact our office at 1-800-519-6277 in order to receive a free-no obligation quote for your business.

Regards,

So Raymond as a OAHI Member this is good news, yes/no as a member of OAHI E&O Insurance is a must is it not??

[Roy D. Cooke, Sr]

Originally Posted by ccrooker

So Raymond as a OAHI Member this is good news, yes/no as a member of OAHI E&O Insurance is a must is it not??

Thanks Raymond very interesting .
No Chuck at this time it is not ,some would like it to be .
They wanted the person with out insurance to get a form signed by the home purchaser acknowledging that the inspector had no insurance .
Some times OAHI does some strange things and the BOD seems to wonder around bending the rules and making up new ones .
It will be interesting to see how the membership likes this and what if any loop holes there are .
I and many others feel insurance is a decision for the HI to make and the inspectors decision only.

Roy Cooke . RHI... Royshomeinspection.com...... CAHPI-ON
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[rwand1]

Either way you slice it insurance is costly. This policy has a lot of bells and whistles. This is another reason to licence home inspectors because it would be an ideal time for home inspectors to push for legislation which could limit our liability, at least here in Ontario, and I assume the rest of Canada if other provinces were to licence as we see in BC.

I know some do not wish for licencing but the inspection industry is so fractured there maybe no other way. Licencing is the trend by all accounts.

[csteele]

Membership dues, business cards, phone, interenet, advertising, tools, business supplies, GAS, expensive courses from OAHI,...and insurance! Unless you have a job or money to survive while you get the business off the ground you might be eating a lot of KD or worse!

In some cases forcing new home inspectors to pay for expensive insurance is a sure fire way to send them packing especially if your a student member (not allowed to practice).

[cbarrows]

True Chris.

They give the option of disclosing no E&O but do not provide any guidance on what the disclosure form should say. Just another tool to drag out the membership upgrade. I paid $4200 for insurance to be told to quit or wait for the upgrade. I had the balls to give them the one finger salute. Hopefully more and more will do the same.

[rwand1]

Craig did you contact Revenue Canada in regards to the fine and the GST levied to see if a fine is taxable?

The reason OAHI does not do away with insurance is because it is a requirement of PR 158. In order to do away with insurance PR 158 would have to be changed as would the by-laws to reflect the changes of non requirement. To change PR 158 would require the legislature to ammend the legislation.

[rwand1]

Please would someone explain to me the rational why a Stundent in Oahi is not permitted to inspect. He maybe a Student Member, but if he is not advertising he is affiliated with OAHI in any way shape or manner, what is the beef? Why would he be required to have insurance if he is not allowed to inspect? It doesn't make sense? If he is inspecting as a full Nachi member it is none of OAHI's business. There is no rule against dual membership in OAHI by-laws. So would someone please provide the rational of it all?

Please what am I missing?

[Charles R. N. Crooker]

Then how come so many do not have E&O??

[cbarrows]

Ray the fine was called an "administrative fee". I'm sure this is how they get around this.

How are things going with you? I hope all is well.

Craig

[cbarrows]

Originally Posted by rwand1

Please would someone explain to me the rational why a Stundent in Oahi is not permitted to inspect. He maybe a Student Member, but if he is not advertising he is affiliated with OAHI in any way shape or manner, what is the beef? Why would he be required to have insurance if he is not allowed to inspect? It doesn't make sense? If he is inspecting as a full Nachi member it is none of OAHI's business. There is no rule against dual membership in OAHI by-laws. So would someone please provide the rational of it all?

Please what am I missing?

Ray

My guess is that they are trying to model their organization after a provincial licencing body. They seem to behave sort of like OREA. They are behaving as if they are granting licences rather than voluntary accreditation.

[rwand1]

Charles,
I don't know how many do not have insurance but it is optional with OAHI. If you do not have insurance you are to provide this information to your client in the contract with him/her. Whether or not its enforced is difficult to say because the system is open to abuse as there are no audits. It is suicide I think to admit by way of contract you are not insured. Even then it is very costly, and not everyone meets the criteria for E&O or the premium is so high, or they have had past claims, the insurer won't insure based on reporting system, contract, services, advertising, et ceteras. It tough an many inspector cannot get insurance through no fault of their own.

Recently realtors were invoiced something like $150 for E&O premiums!

[rwand1]

Craig

My guess is that they are trying to model their organization after a provincial licencing body. They seem to behave sort of like OREA. They are behaving as if they are granting licences rather than voluntary accreditation.

Yes you are correct. Oahi is not a public authority. It really has very little power both internally and externally because it is voluntary. Its granting authority PR 158 limits it abilities essentially to a voluntary, non profit, incorporated entity, reporting to itself. Therein lies the problem with reporting to ones self.....

[csteele]

Originally Posted by rwand1

Please would someone explain to me the rational why a Stundent in Oahi is not permitted to inspect. He maybe a Student Member, but if he is not advertising he is affiliated with OAHI in any way shape or manner, what is the beef? Why would he be required to have insurance if he is not allowed to inspect? It doesn't make sense? If he is inspecting as a full Nachi member it is none of OAHI's business. There is no rule against dual membership in OAHI by-laws. So would someone please provide the rational of it all?

Please what am I missing?

Ray,

I wish I had all the answers but I don't. All I know is being a student, expected to pay for all these mandatory courses and business expenses, membership dues, etc,... and not a allowed to practice is a catch 22!! It was either get out or drown!

[Claude Lawrenson]

Student Members Student Members are non-practicing members and are in the process of advancing their membership category. Student Members have yet to complete any or all of the following: mandatory educational requirements, paid inspection requirement, or technical background review. Student Members are not permitted to show any affiliation with the OAHI.