FAQ_category: (HIDDEN) Industry FAQs

Cleaning businesses face risks ranging from slip-and-fall accidents to damage to client property. Core coverages include: 

• General Liability – protects against third-party injuries or property damage claims. 

• Workers’ Compensation – required in most states if you have employees, covering work-related injuries or illnesses. 

• Commercial Property Insurance – covers business-owned equipment and supplies. 

• Business Owner’s Policy (BOP) – bundles general liability with property coverage at a lower rate. 

Coverage typically includes: 

• Bodily injury or property damage during inspections (e.g., a client trips on your ladder). 

• Professional mistakes or omissions (e.g., missing structural damage). 

• Tool or property loss from on-site damage or theft. 

• Auto accidents while traveling to inspections. 

• Workplace injuries to yourself or staff. 

Even a simple claim can snowball. The right insurance stops that from becoming your reality. 

On average, home inspectors pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

In many states, yes! 

Liability insurance is commonly required by state licensing boards, and even when it’s not, clients often expect it. Here’s how it plays a role: 

• Licensing Requirements: Many states require general liability and/or errors & omissions (E&O) insurance to issue or renew a home inspector license. 

• Client Expectations: Real estate agents, buyers, and lenders may request proof of coverage before hiring or recommending your services. 

• Professional Credibility: Carrying insurance signals professionalism and shows you’re prepared to take responsibility if something goes wrong. 

• Risk Mitigation: Even if not required, it protects you from costly lawsuits related to missed defects, property damage, or client disputes. 

Liability insurance isn’t just a formality—it’s a safeguard for your career and reputation. 

Essential to every inspection business: 

• General Liability Insurance – protects against accidents like client falls or property damage during inspections. 

• Professional Liability (E&O) – covers lawsuits from missed defects or negligent reporting. 

• Workers’ Compensation – required in most states if you have employees, covering injuries like falls or tool accidents. 

• Commercial Auto Insurance – necessary if you drive for inspections. 

• Business Owner’s Policy (BOP) – bundles general liability, property coverage, and income protection. 

Together, these policies protect your assets and reputation—so one oversight doesn’t end your business.