Building Inspector Insurance Australia
The importance of building inspectors cannot be overstated. Looking at the skyline of Sydney, it’s important to note that all of the significant buildings that have been built have gone through a rigorous quality assurance process involving numerous building inspectors. Considering just how much of a pivotal role building inspectors have on Australian society, it’s easy to understand why they may be liable should someone choose to launch legal proceedings against them. Due to the legal vulnerabilities of being an inspector, it’s critical that the right insurance policy is taken out.
We Specialise In Providing Comprehensive Building Inspector Insurance Policies
We understand that there are specific risks that come with providing services as a building inspector. These risks cannot be compared easily to other professions, such as that of being a real estate agent. Because of this, we can provide a much more reliable and tailored solution to those that require building inspector insurance coverage.
With our understanding of the precise implications of building inspector appraisals, we have formulated policies which provide the most comprehensive cover for the lowest premiums on the market.
How Building Inspector Insurance Will Benefit You
Due to the immense power that building inspectors have, their susceptibility to lawsuits is much higher than many other professions. Lots of inspectors have had to face claims from past clients when their appraisals didn’t conform or allegedly didn’t conform to the realities of the building that they were assigned to inspect. These proceedings can have dire financial consequences for the inspector; it is not uncommon for courts to award vast sums of compensation if an inspector is found to be negligent.
It is worth noting that even the most diligent and skilled inspector is still liable for a lawsuit. Thus, it is critical that all building inspectors take out building inspector insurance. The costs that are associated with taking out a policy is considerably lower than any kind of payout required through a court order or fine. Inspectors should prioritise the financial stability of their practice, as well as peace of mind, to ensure that they can continue to provide services to the community that conforms to the highest standard.
Our Building Inspector Policies Include A Range Of Benefits
The building inspector insurance packages we have on offer are able to protect the particular legal vulnerabilities faced by a building inspector. A significant component of our policies includes protection against any claims that arise through damage caused to property. Sometimes, the inspection process can lead to property damage. This damage can range in severity and can lead to considerable financial claims by clients. With this in mind, our policies ensure that any sort of damage caused by the inspector through the provision of their services is protected.
The final appraisal that is provided by a building inspector is perhaps the most legally sensitive service. Every assumption and judgement that is presented in such an appraisal will be potentially used in a lawsuit. Errors and omissions in reporting can sometimes occur with inspectors, and our policies will make sure that proceedings resulting from errors and omissions are adequately covered.
Specifically, our policies are able to provide up to $20,000,000 cover in public liability insurance. Depending on the value of the building being appraised, as well as the extent of the financial implications that an appraisal may have, this level of cover is very reasonable.
In addition to the public liability insurance available within our building inspector insurance packages, we also provide professional indemnity insurance. Professional indemnity insurance is focused around the appraisal advice given by an inspector. Clearly, this type of insurance is critical considering that the most legally vulnerable aspect of a building inspector’s work is the advice that they provide clients regarding their building and construction projects.
Our policies are flexible and can be altered to suit the specific circumstances of a given building inspector. Inspectors that primarily focus on small residential buildings will not need the higher range of cover that we provide.
Contact Us For The Most Suitable Building Inspector Coverage
Our specially formulated building inspector coverage packages are able to be adjusted and altered to suit any kind of inspector currently working in the Australian market. The policies which we have created have various flexible options which can be taken out as necessary by our building inspector clients. We provide extensive consultations with those interested in our policies so that we can offer them the most suitable policy package.
If you’re looking to get building inspector coverage, don’t hesitate to contact us today for an in-depth review about all of the options that are available to you. We pride ourselves on having a vast range of clients working in building inspection that have been able to attain peace of mind thanks to the extensive and effective coverage that we are able to offer.
For an obligation-free, competitive quote, professional insurance advice or more information on how we can help you find the best building inspector insurance solution, please contact one of our expert consultants today!
