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 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.

[Marc-Andre Beauchemin]

The insurance for home inspectors in Quebec is no longer a monopoly.

I hear Hub offers a good package, pricing is individual,depends on many criteria.

NACHI is the best place of reference and NACHI's good reputation is growing more and more with the OACIQ which is based in Brossard Quebec.

Remember that all your satisfied clients will refer you.

I thought I would share this as this clarification that can be found on the AIBQ one of many inspectors associations in Quebec's web site:

« Members of the AIBQ having the title of certified inspector, inspector and the candidate members having successfully completed the AIBQ exams wishing to use the title of candidate members of the AIBQ undertake, at their accession to the AIBQ, to hold an insurance policy (errors and omissions) and to maintain this coverage or be subject to the suspension and revocation of all AIBQ membership privileges.»

However, the AIBQ cannot guaranty that its members meet their obligations to maintain valid insurance coverage for errors and omissions and recommends that every client who conducts business with one of its members verify that the chosen inspector has the proper insurance coverage. The AIBQ cannot be held responsible if one of its members defaults on obtaining or maintaining valid insurance coverage. Keeping with the same train of thought, the AIBQ is not authorized to disclose the name of the insurer of its members to the public. However, the AIBQ recommends that if this information is required by the buyer, he or she should contact the member directly prior to hiring.

« Les membres de l'AIBQ ayant le titre d'inspecteur et d'inspecteur agréé, ainsi que les membres candidats ayant réussi les examens de l'AIBQ et désirant utiliser le titre de membre candidat de l'AIBQ s'engagent, lors de leur adhésion à l'AIBQ, à être titulaire d'une police d'assurance erreurs et omissions et à maintenir cette couverture en place, sous peine de suspension et de révocation des privilèges rattachés à l'adhésion à l'AIBQ.

Toutefois l'AIBQ ne peut en aucun cas garantir que ses membres rencontrent leurs obligations en ce qui a trait au maintien d'une assurance erreurs et omissions et recommande à toute personne faisant affaires avec un membre de l'AIBQ de vérifier auprès de ce dernier qu'il est bel et bien titulaire d'une police d'assurance erreurs et omissions. L'AIBQ ne pourra en aucun cas être tenue responsable du défaut d'un de ses membres d'obtenir ou de maintenir en place une police d'assurance erreurs et omissions. Dans un même ordre d'idées, l'AIBQ n'est pas autorisée à dévoiler au public l'identité des assureurs de ses membres et elle recommande à toute personne désirant obtenir ce genre d'information de s'en enquérir directement auprès du membre de l'AIBQ avec lequel elle fait affaires ou désir faire affaires.)