Licensure Insurance Requirements

INSURANCE REQUIREMENTS

§ 143-151.51. Requirements to be licensed as a home inspector.
(b) License. – Upon compliance with the conditions of licensure under subsection (a) of this section, to be eligible to be licensed as a home inspector, an applicant must meet all of the insurance requirements of this subsection.

(1) General liability insurance in the amount of two hundred fifty thousand dollars ($250,000), which insurance may be individual coverage or coverage under an employer policy, with coverage parameters established by the Board.

(2) One of the following:
a. Minimum net assets in an amount determined by the Board, which amount may not be less than
five thousand dollars ($5,000) nor more than ten thousand dollars ($10,000).
b. A bond in an amount determined by the Board, which amount may not be less than five thousand
dollars ($5,000) nor more than ten thousand dollars ($10,000).
c. Errors and omissions insurance in the amount of two hundred fifty thousand dollars ($250,000),
which insurance may be individual coverage or coverage under an employer policy, with coverage
parameters established by the Board.