Mold Inspector - Insurance Office of America

Underwritten by certain underwriters at Lloyds

Coverage Available:

Errors and Omissions liability insurance to protect you from negligent acts and/or omissions in performance of mold inspections that you become legally obligated to pay in excess of deductibles to the limits of your policy
Limit of Liability options: $500,000 or $1,000,000.
Deductible $5,000. per claim (options available)
Annual Premium $2000.00 or less plus State tax and fee ( terms available )

Coverage Features:

Policy pay 100% of legal expenses after deductible to limit of policy.
Legal expenses include attorney fees, expert witnesses, consultants, investigators etc.
"Claims- made" policy
Individual inspector named as insured
Additional Insured: Inspector’s firm or others can be added at no cost.
"Flat" Premium - NOT revenue based
Primary E & O liability coverage – Not excess
No annual fees or dues required

Coverage Benefits:

Coverage bound upon completion of approved training & completed approved application, together with payment of premium.
Reduces delay and loss of income with an immediate binding certificate.
Level premium costs for each of the chosen limit option.
Underwritten by an “A” rated insurance provider
Certain aggregates limits & endorsements apply (the member needs to review)
Access to top testing laboratories : Rx Solutions, American Home Labs, Aerotech Labs, EMSL Analytical, SanAir Tech Lab, Purearthlab, Pro-Lab, QuanTEM Laboratories, LLC, Forensic Analytical Specialties, US Micro-Solutions and Envirocheck, Inc,EnviroScreening LLC
Eligibility for General Liability and Tool floater package policy, group life, health, & disability plans and other benefit programs
Underwritten by an “A” rated or better insurance providers

Coverage Process:

Successfully complete approved training & required course for mold inspection certification
Complete and submit the application to IOA (can be faxed from exam center)
Upon approval & verification of premiums paid - binding evidence of insurance can be faxed to insured.
Original Evidence of Insurance will then be mailed to the insured.

General Liability:

$1,000,000 limit - no deductible; $350.00 Annual Minimum Premium; A Rated Carrier

For additional information about the Professional Mold Inspector's Insurance Program email Rod Morton or phone (800) 243-6899 ext. 4109

Insurance Office of America