North Carolina Home Inspector Insurance Requirements

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North Carolina Home Inspector Insurance Requirements

North Carolina Errors & Omissions Insurance Requirements:
North Carolina Home Inspectors are required to obtain one of the following:
1. 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).
2. 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).
3. 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.

North Carolina General Liability Insurance Requirements:
North Carolina Home Inspectors are required to obtain a minimum of $250,000 of General Liability Insurance either through an individual policy or employer policy.

Useful Links for North Carolina Home Inspectors:
For more info on North Carolina Home Inspector Standards, contact the Home Inspector Licensure Board

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