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Home Inspector Insurance: Cost, Liability & Quotes From $11

For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!


For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

Home inspectors like you help buyers and ensure that their future house doesn’t have costly problems. In your line of work, lawsuits, workplace injuries, business property damage, and other unfortunate events can happen. Because of this, consider getting home inspector insurance.

Home Inspector Insurance Cost 

There are many factors that affect the overall home inspector insurance cost.  For one, each kind of coverage has its own rates. The table below outlines the cost of each policy you need to purchase as a home inspector:


Cost per MonthCost per YearPercentage Of Customers That Get This
General liability insurance$47$56495%
Errors and omissions insurance$51$61270%
Workers compensation insurance$72$86492%
Commercial property insurance$53$63670%
Business owner’s policy$49$58875%


The average cost of a $1 million general liability insurance for home inspectors is $47 per month or $564 per year. This home inspector liability insurance cost estimate assumes that you have 5 employees and make $500,000-$750,000 per year. 

On the other hand, professional liability insurance is $51 per month or $612 per year. Factors that affect home inspector errors and omissions insurance cost are claims history, whether or not you work with subcontractors, whether or not you’re a member of home inspection organizations, and more. 

Here’s another table that gives you a better idea by outlining the cost of companies with cheap home inspector insurance rates:


Cost per MonthCost per YearBest for
NEXT$25$300.00Best overall; Fastest general liability insurance for home inspectors
CoverWallet$30.58$366.96Home inspector insurance quotes comparison online
Tivly$33$396Comparing home inspector insurance quotes over the phone
Thimble$35$420Short-term general liability insurance for home inspectors
Hiscox$37$444General liability insurance with worldwide coverage for home inspectors
ASHI$60$720Home inspectors looking for comprehensive home inspection insurance


Lastly, you can also compare quotes yourself to know the average cost of home inspector insurance. Start by clicking the “Get Quotes” button on this page. 

Compare Cheap Home Inspector Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

General Liability Insurance for Home Inspectors


CoverWallet NEXT (Best)Thimble Hiscox
Per occurrence limit $1,000,000$500,000/$1,000,000$1,000,000/$2,000,000$1,000,000
Aggregate limit $2,000,000$500,000/$2,000,000$1,000,000/$2,000,000$2,000,000
Products and completed operations aggregate limit 
$2,000,000
$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit $1,000,000
$100,000$100,000$100,000
Waiver of subrogation included?YesNoExcludedExcluded
Hired/non-owned auto liability coverage included?YesNo$2,500-$5,000Excluded
Equipment breakdown floater included?No NoExcludedExcluded
Can you get a certificate of insurance online?YesYesYesYes
Name additional insureds?YesYes
YesYes
Deductible$0$0$0-$2,500$0


Home inspector liability insurance grants protection against bodily injuries or property damage that clients, independent contractors, and other third parties file against you. The table above compares the quotes of the recommended insurance companies. 

Your home inspection insurance package’s general liability insurance can be used when these happen:

  • The client slips and falls in your office

  • You damage a door, flooring, gutter, or roofing while doing an inspection, and the owner demands reimbursement 

  • Your ladder or any other equipment inflicts injuries to a client or any other person present in the house you’re inspecting


General liability for home inspectors is very comprehensive. Aside from bodily injuries or property damage, this home inspection business insurance will also protect you from these exposures:

  • Copyright infringement, slander, and libel claims

  • Damage to the landlord’s property

  • Accidents caused by a rented/hired commercial vehicle 


Professional Liability Insurance for Home Inspectors 


CoverWallet (Best)NEXTHiscox
Per occurrence limit $1,000,000$1,000,000$1,000,000
Aggregate limit $2,000,000$2,000,000$2,000,000
Name additional insureds?YesYesYes
Waiver of subrogation included?YesNoNo
Deductible $0$0$500


You need professional liability insurance for home inspectors, which is also called errors and omissions insurance. The table above compares the quotes of the recommended insurance companies. 

E&O insurance for home inspectors grants a shield if clients file a claim because you didn’t accomplish your work properly. 

Situations where this insurance becomes useful, are as follows:

  • The client filed a claim because your report contradicts the real condition of the house

  • A lawsuit is filed because you submitted a report which was based on the information of another client

  • The client decided to sue and accused you of inflating your services or conspiring with the property owner to get extra pay 

E and O insurance for home inspectors is underwritten as an occurrence policy or as a claims-made policy. 

The best E&O insurance for home inspectors is occurrence-based because it can provide coverage even if its policy period has expired. 

Insurance companies allow you to get home inspector professional liability insurance as a stand-alone policy or as an add-on to general liability insurance.


Commercial Property Insurance


CoverWalletNEXT (Best)ThimbleHiscox
Building coverage limit (minimum)$50,000$430,000$25,000/$500,000$10,000/$100,000
Contents coverage limit (minimum)$50,000$35,000$25,000-$500,000$10,000/100,000
Outdoor signsExcluded$2,500ExcludedExcluded
Accounts receivable ExcludedExcluded$5,000/$10,000Included
Money and securitiesExcluded$2,500$1,000Included
Lock and keys Excluded$1,000ExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000Excluded
Employee dishonesty floaterExcluded$5,000$2,500Included
Deductible$500-$1,000$500$500-$2,500$500-$10,000


Commercial property insurance reimburses your losses if something happens to the office and its furniture, computer, HVAC, and other contents. The table above compares the quotes of the recommended insurance companies. 

 This property inspector insurance policy applies if damage or loss happens because of:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Riot

  • Volcanic action

  • Lightning

  • Sinkhole collapse

  • Vehicle

  • Aircraft

  • Winds

  • Snow 

  • Hail


Commercial property insurance doesn’t grant protection against earthquakes, floods, and mudslides. You need to purchase endorsements from your real estate inspection insurance to cover these perils. 


Business Owner’s Policy

Residential inspection insurance programs of most carriers allow you to get a business owner’s policy. 

A business owner’s policy is a type of insurance that combines general liability and commercial property insurance. You can also get cyber liability, business interruption, equipment breakdown, and other business insurance from this. 

As a home inspector, it’s smart to get a business owner’s policy instead of buying general liability and commercial property insurance individually. 

This is because you’ll get cheaper rates and enjoy easier policy management. 


Workers Compensation Insurance

Workers' compensation insurance is useful if you’re running a home inspection agency. Get this as soon as you have one or more employees. 

Workers' compensation insurance is helpful when these things happen:

  • An employee gets sick because of mold exposure

  • An employee falls from a height while inspecting a house gutter

  • An employee trips on a cracked flooring and sustains a hip injury 


Failure to get workers' compensation insurance as a home inspector will result in fines and penalties, such as:

  • A fine amounting to twice the cost of workers' compensation insurance 

  • An accumulating fine

  • Cease-and-desist order

  • Imprisonment


Workers' compensation insurance provides the money you can use to cover these costs when an employee sustains a work-related injury or disease:

  • Medical treatment

  • Hospitalization

  • Medication

  • Rehabilitation and retraining

  • Lost wages

  • Funeral expenses and allowance to dependents in case of death


The law only requires you to cover part-time and full-time employees with workers' compensation insurance. Nonetheless, you can name yourself as an insured in the language of this residential home inspection insurance policy.

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Employer’s Liability Insurance 

Home inspector’s worker's compensation insurance might come with an employer’s liability insurance. 

Employer’s liability insurance grants protection if an employee files a claim for negligence against you after sustaining a work-related injury or disease. 

This provides $100,000-$5 million worth of coverage that you can use to cover the following expenses:

  • Compensation for pain, suffering, and medical treatment

  • Defense costs

  • Settlements


Commercial Auto Insurance

Residential building inspector insurance programs offer commercial auto insurance if you use an owned vehicle for work. 

Commercial auto insurance grants protection if something happens while you or an employee is on the way to inspect a house, meet a client, or get supplies and pieces of equipment. 

The functions of commercial auto insurance are as follows:

  • Cover the medical treatment or property damage of third parties who got involved in an auto accident you or an employee caused

  • Pay for parts repair or replacement expenses if your commercial vehicle got damaged because of a collision, fire, theft, vandalism, and other covered perils

  • Reimburse vehicle rental expenses 

  • Pay for the medical treatment of the driver and passengers if your commercial vehicle got involved in an accident caused by an uninsured/underinsured driver


Compare Cheap Home Inspector Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Home Inspector Insurance Companies

Your choice of insurance provider for building inspector insurance is critical. There are many home inspection insurance providers in the industry. The last thing you want is to fall victim to a cheap provider who can't protect you when you have lawsuits filed against you. 

Read their reviews below to know the pros, cons, and general liability insurance costs of the best home inspector insurance companies. 


Next Home Inspector Insurance

Pros

  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance for home inspectors

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more insurance policies and get a 10% discount

Cons

  • Couldn’t find any

A great option for cheap home inspector insurance rates is NEXTWith this company, you can save up to 10% by bundling general liability insurance with commercial property insurance and other business insurance policies. 

NEXT offers home inspector errors and omissions insurance as part of its general liability insurance. And so, this company’s home inspector E&O insurance cost is always added to general liability insurance premiums. 

Best for: Best overall; Fastest general liability insurance for home inspectors

Average cost: $25 per month 

Our rating: 10/10


CoverWallet Home Inspector Insurance 

Pros

  • Online policy management and payment

  • Get insured with or without the help of an insurance agent

  • Compare home inspector insurance quotes online

  • Cancel a policy anytime 

Cons

  • Not an insurance company but a broker selling the quotes of its partners

CoverWallet isn’t a home inspection insurance company, so it might not be the first to cross your mind. But note that this insurance broker can help you get insured fast. Use CoverWallet’s online quote comparison tool, indicate your location, profession, and policy needed, and receive the offers of different carriers within minutes.

You can also get insured immediately. Proceed to buy a quote and enjoy perks - online certificate of insurance (very useful for home inspection licensing and filing), online insurance payment, and adding of additional insureds at no additional cost.

Best for: Home inspector insurance quotes comparison online

Average cost: $30.58 per month 

Our rating: 10/10


Tivly Home Inspector Insurance

Pros

  • Responsive customer service

  • Call and compare quotes over the phone

  • A partner of many reputable insurance companies 

Cons

  • You need to call to get a quote 

Try calling Tivly   (formerly CommercialInsurance.NET) if NEXT or CoverWallet can’t provide coverage. Policies you can get from this company are general liability insurance, workers compensation insurance, professional liability insurance, and more. A representative will help you choose coverage options and discuss the details of your policy. 

Best for: Comparing home inspector insurance quotes over the phone

Average cost: $33 per month

Our rating: 10/10


Thimble Home Inspector Insurance

Pros

  • Sells short-term general liability insurance for home inspectors

  • Quick to issue quotes

  • Choose limits and deductibles

Cons

  • You can’t reach customer service by calling 

Thimble’s home inspector insurance offers a business owner’s policy and workers' compensation insurance. 

This company's business owner’s policy provides $1 million-$2 million general liability coverage. On the other hand, the limits of commercial property coverage are $25,000-$500,000. 

You can get short-term general liability insurance from Thimble. This grants coverage for hours, days, weeks, or months and has $1 million-$2 million per occurrence and aggregate limit. 

Best for: Short-term general liability insurance for home inspectors

Average cost: $35 per month

Our rating: 9/10


Hiscox Home Inspector Insurance

Pros

  • 14-day money-back guarantee

  • Automatic policy renewal

  • Fast to process claims 

  • Worldwide coverage

Cons

  • Poor customer reviews

Hiscox provides coverage through its building inspector insurance program, which consists of general liability, professional liability, business owner’s policy, and cyber liability insurance. Similar to Thimble, Hiscox allows you to choose between policy limits and deductibles. 

Best for: General liability insurance with worldwide coverage for home inspectors

Average cost: $37 per month

Our rating: 9/10


ASHI Home Inspector Insurance

Pros

  • Offers insurance products tailored for home inspectors

  • Comprehensive and affordable home inspector insurance costs

  • Provides exclusive home inspector insurance benefits

  • Limited home inspection insurance requirements; the only requirement is ASHI membership

Cons

  • Home inspector coverage is only available to ASHI members

The ASHI was established in 1979 to help home inspectors expand their careers and businesses by availing the resources that promote the best practices in home inspection and ownership. Today, it provides its 5,000+ members with exclusive general liability coverage and other insurance with benefits other companies don't offer.

The ASHI offers its members home inspectors' insurance in collaboration with Home Inspector Pro Insurance. The partnership strengthens the "ASHI Advantage, " a home inspector insurance pay-per-inspection program.  Among its benefits are:

  • Inspector and member discounts

  • Upgraded inland marine equipment coverage

  • Free extended reporting period (ERP)

 

The partnership means ASHI can now extend Inspector Pro's robust management system at affordable costs. ASHI members have access to professional underwriters who understand the home inspection insurance sector. With ASHI's insurance products, home inspectors can access various endorsements to cover other additional services they offer to their clients.

Inspector Pro is an experienced home inspector insurance company that has made revolutionary innovations in the industry. They've worked with home inspection companies for years. They know home inspectors' needs, enabling them to offer members enhanced insurance protection.

Best for: Home inspectors looking for comprehensive home inspection insurance

Average cost: $60 per month 

Our rating: 10/10


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