Home Inspector Liability Insurance
Home inspector liability insurance can be obtained through a liability/property insurance agency that sells policies in the specific industry area of home inspections. There are two types of home inspectors liability insurance policies available: professional liability and general liability. General plans provides coverage while performing the inspection and also cover the inspector at his/her office.
There are 2 vulnerable exposures while performing an inspection that would require a general policy to be purchased. These exposures are property damage and bodily injury, which both cover the client. An example of property damage to the client would be a ladder falling over and breaking the windshield of the homeowner's automobile. An example of bodily injury would be that same ladder falling over and hitting a person on the homeowner's property or the homeowner himself. Bodily injury general home inspector liability insurance coverage would include legal claim settlements, medical expenses, lost wages for the one injured and pain and suffering. General home inspectors liability insurance coverage is typically the minimum coverage required in most states (regulations differ in each state).
In addition, these plans provide also coverage for actual or alleged errors and omissions in the inspection report. Professional home inspectors liability insurance has two vulnerable exposures: property damage and bodily injury. Property damage would include damage to the property such as a missed leaky roof during the inspection, or air conditioning and furnace damage that caused some sort of damage to the client's property that escaped the attention of the inspector. Professional policies cover injury resulting from faulty errors during inspection. These type of policies are highly recommended in addition to general policies for those conducting the inspection process in houses.
Some Christians are hesitant about the purchase of this kind of policy. In fact, they are hesitant to purchase insurance of any kind. This is probably because they may feel that the purchase of home inspector liability insurance shows a lack of faith in God and His ability to protect and provide for them. While the Bible does not address the issue of purchasing home inspectors liability insurance, it does address the issue of obedience to a nations laws and the leaders that create those laws. In most states, this coverage is required by any business operating as a home inspection business. Therefore, as God commands, "Let every soul be subject unto he higher powers. For there is no power but of God: the powers that are ordained of God." (Romans 13:1)
Home inspector insurance is insurance coverage for professional, licensed inspectors and businesses that inspect houses or buildings before consumer purchases as well as throughout the course of occupancy. Professionals provide a valuable service to their clients who depend on them to uncover any structural damage or flaws to a house or building. Home inspectors insurance is necessary for businesses that offer home inspection as well as coverage for their personnel in order to provide security against suits, claims or bodily injury that can occur as the result of accidents. Coverage is needed to protect and provide for workers in case of injuries while on the job.
Insurance is needed for both general and professional business coverage. General coverage for home inspectors insurance can include any injury that could occur to a homeowner during the inspection of their house. It can also cover any damage to property that could occur while on a homeowner's premises. "Be ye angry, and sin not: let not the sun go down upon your wrath." (Ephesians 4:26) Accidents can occur, such as a professional that accidentally breaks a window of a house that is being checked. Home inspector insurance will cover the replacement cost of the window and protect the professional from liability. The policy will replace the value of whatever has been damaged and could save the liable company thousands of dollars that can accrue over a period of time with normal professional activities.
Policies also cover any bodily harm that can occur while on a work site. If an inspector is hurt by accidentally falling or through any other scenario, home inspector insurance will provide medical coverage. Also, if anyone else, such as the homeowner or family is hurt by an accident occurring during the process, the home inspectors insurance will also provide coverage for their care. This type of policy also covers the professional aspects of an inspection business such as an a professional being blamed for mistakes in the inspection or for insufficient completion of a job.
Coverage for damages claimed through suits or other settlements can be insured through the right policy. It is a necessary investment to purchase home inspectors insurance for any company that specializes in home, property and real estate inspections. There are many issues involved in this type of business including legal, personal and professional. Home inspectors coverage will provide the assurance that any business needs to be covered in just about any area. Check with several online sources for the best coverage quotes.
Insurance For Small Business OwnersInsurance for small businesses is a necessity to safeguard against damage to a company's assets and to cover any liability that the company might be responsible for. Insurance for a small business will cover damage to any structures, such as the office or offices, any outbuildings, the inventory whether onsite or in transit, and a variety of other things. Most policies also cover all the assets of the company such as office equipment, including, but not limited to, copy machines, computers, printers, storage cabinets, office furniture and other things. Coverage for companies is essential in protecting against a loss that could cause the venture to fall into bankruptcy.
Coverage can come as a package deal or the company's owner can choose to have separate policies for different types of coverage. There are many types of insurance for a small business. These include different types of policies to offer employees, such as health, disability, dental, vision, workers compensation, life, accident insurance, and more. Insurance for small businesses also includes protection against damage to the company by fires, floods, earthquakes, hurricanes, and general storm damage. Automobile coverage for a company is also an option and a very important type of coverage if the commercial venture has company vehicles.
Perhaps the most important aspect of coverage is a liability policy. In the event that an employee, customer, or another party sues the company for damages, liability protection will cover most of the damages so that the owner will be able to keep the company running. In essence, insurance for a small business is an integral part of the success of the company. Insurance for small businesses also provides peace of mind to the owners so that they are able to focus on the core of their company concerns, which is finding and retaining customers.
Medical coverage is important in keeping employees who are loyal. Companies can't succeed at commerce without employees and the better the medical insurance for small businesses that an employer offers, the more content the employees with be. "Servants, obey in all things your masters according to the flesh; not with eyeservice, as men pleasers; but in singleness of heart, fearing God;" (Colossians 3:22) This results in a lower turn over which means less time and expense for finding new employees. If an employer can offer dental and vision coverage for a small business along with medical insurance, this is even better. Loyal employees are more likely to do better work and this makes a positive contribution to the business.
Insurance for small businesses includes health, disability, liability, property/casual coverage, and coverage against peril. Insurance for small business concerns is very important for the success of any company. Adequate coverage aids in the retention of employees and protects the commercial venture against accidents or damage resulting from catastrophes. Health coverage is becoming more and more difficult for businesses to afford due to the rising costs of health care. Many small companies have been forced to raise the amount of the premiums that are payable by their employees. Otherwise, they would not be able to offer health coverage for employees at all.
The United States is made up of millions of small companies. These companies need specifically designed plans of insurance for small businesses that are affordable, practical and adequate. There are different coverage amounts and options for coverage with insurance for small business policies. "And that you study to be quiet, and to do your own business, and to work with your own hands, as we commanded you." (1 Thessalonians 4:11) Property policies may include coverage for office buildings and attached structures or separate outbuildings that a commercial ventures owns. Also included in the coverage could be structures such as fences, signs, bridges or canopies. The plan for coverage may also protect any inventory that is either stored on site or in transit.
Machinery and company vehicles can also be covered on the policy for modest sized companies as well as cash and other valuable securities. The list goes on of items that can be covered by insurance for small business owners. Anything from security systems to intellectual property like patents and trademarks can also be added to the policy for insurance for small businesses. Protection against perils can also be added to coverage for many companies. These include, but are not limited to, fire, flood, lightning damage, earthquakes, sinkholes, and vandalism.
Liability coverage is a broad category of policies available for companies. Liability is essential in protecting any company from being sued by another party. Coverage includes general liability, errors and omissions, bodily injury or property damage caused by an employee or commercial vehicle liability. Insurance for small business should be purchased according to the business's need and in accordance to their assets. Without adequate coverage, the company could fail as a result of being sued or from losses resulting from damages to the structure and contents of the business.