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Jerry Simon

Liability Insurance

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Anyone got a source for Bus. Liability insurance only?  Pretty much everyone I've contacted won't sell unless I buy E&O at the same time.

I currently have State Farm, but they're trying to screw me with a 30% rate increase this year (with zero claims).

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12 hours ago, Tom Raymond said:

Look for RLI. I'd give you my agent but he's in NY.  And, it takes stones to buy insurance from a guy named Slack.

Like Tom, I was buying insurance from Slack and RLI. It was cheap- less than $300 for a million in liability.  Now I pay twice that much- I changed for two reasons: 1) I wasn't feeling warm and fuzzy about actually having coverage because the policy is intended for inspectors like insurance adjusters, it didn't say "building inspector" or "home inspector". 2) They wouldn't name an additional insured and it cost me money because builders won't let you on site to perform phase inspections unless you name them as additional insured parties. New construction phase inspections pay $350 per visit so it makes sense for me to buy insurance that gets me on site.

My carrier is Dryden Mutual. It's a very good policy-2 million in coverage for $670

 

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I've not had any issues with mine. Marty faxed a certificate to a building department for a permit last summer. Clear Creek Home Inspection was listed as the builder.

What little new construction there is here pays far more to complete phases than to inspect them. None of the builders I've dealt with care what my insurance says on it, just that I have some. Clients care less about my insurance then they do about what association I belong to.

 

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