Looking for E&O insurance in Quebec.

[WANXING QI]

Dear friends of interNACHI.

[Marcel Gratton]

Originally Posted by wqi

Dear friends of interNACHI.

I have been doing home inspection business in Montreal, Quebec since 2007.I am looking for insurance company providing E&O insurance to home inspectors. Does anyone know info about it? how much per year?Please help me.

Thanks

Tim (Wanxing) Qi

Tim,

See thread at: http://www.nachi.org/forum/f52/canad...company-40510/

I use Hub International myself but never had any claims...touch wood!

[Gilles R. Larin]

Hi,

I'm always at your service. HUB is a great source of E&O and their prices are reasonable. I'm currently working on getting "pay per inspection" insurance with a carrier in Canada.

Gil

[aspisak]

Be warned of the following:

1. you are required to report to HUB any potential claims, ie a letter from a disgruntled client or their lawyer
2. even if the claim is frivolent with no proof of liability - HUB will consider this a potential claim and raise your rates upon renewal!

This happened to me, HUB sent an engineer to review the property and the claim, the engineer advised the client was trying to get big bucks with no supporting evidence of negligence.

Still HUB then raised my premiums by 30% because they said there is an outstanding claim.

I called my lawyer and asked him to sue the client for unsubstantiated claims causing my insurance to rise and tell them to sue or drop the claim. He said you can not sue and not force their hand. So this letter will stay on my file and my rates will be 30% higher.

Insurance companies are not user friendly nor do they use common sense, but they are happy to take your money.