Brandon Whitmore Posted March 31, 2009 Report Posted March 31, 2009 Question for you Oregon home inspector's...... I am up for renewal on my general liability and E&O insurance. I just spoke with Charlotte (sp) down at the CCB who told me that Oregon does not require E&O insurance for home inspectors. She said all I need is the general liability. I argued nicely, so she spoke with her supervisor. The supervisor said that E&O insurance is something that insurance companies try to sell, but that it is above and beyond the requirements for a home inspector. Am I going crazy, or is E&O insurance still required, and at what limits? I wish they would quit messing with the requirements. My SIC code for general liability is : HIC (home inspector)-- min. requirement is 300,000 until next year when I have to change--- this category no longer exists Man, if the people in charge can't help me, who can...... Thanks for any help
Brandon Whitmore Posted March 31, 2009 Author Report Posted March 31, 2009 Well, According to this document http://ccbed.ccb.state.or.us/WebPDF/CCB ... -needk.pdf E&O insurance is not required in Oregon. My next question is how many Oregon home inspectors do / do not carry E&O insurance? Didn't E&O insurance used to be required?
SWagar Posted April 1, 2009 Report Posted April 1, 2009 Brandon, As far as I know E&O was never required, just general liability insurance and bond are necessary. My policy has an exclusion in very bold print that states that my insurance policy is not a professional E&O policy. I do not carry E&O yet, I have thought about it from time to time. When I did look into it, wow $$$$.
Brandon Whitmore Posted April 1, 2009 Author Report Posted April 1, 2009 Thanks for the reply Scott, I guess I have had it for so long, that I convinced myself that it is required. It is expensive, and with the way the economy is going I may let is lapse. I should have never purchased the insurance-- I would have a decent nest egg right now.
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