Errors and Omissions Coverage

Errors and Omissions Coverage - HIABC Professional Insurance Plan (PIP)

Errors and omissions coverage is only a part of what the HIABC Insurance Plan offers its members.

HIABC Professional Insurance Plan (PIP) – Errors & Omissions Coverage

HIABC Professional Insurance Plan (PIP) since 2004

Developed by Home Inspectors for Home Inspectors

The Home Inspectors Association owns and manages the Professional Insurance Plan to meet BC home inspector license requirements for Errors & Omissions coverage and to assist members with complaints and possible claims.

Errors & Omissions coverage is only a part of what the Plan offers its members. Full-time service is provided to members by a full-time Plan Administrator and committee of seasoned inspectors to reduce the cost of coverage and to provide support with complaints and potential claims. Other services complimentary to the Plan include:

  • Legally drafted service agreements
  • Reduced member rates for Comprehensive General Insurance (CGL)
  • Dedicated Plan Administrator to support any potential concerns and claims.

The HIABC Professional Insurance Plan is an exclusive benefit for HIABC member inspectors. Its purpose is to protect members while providing a fair process to help consumers resolve complaints and determine responsibility when issues arise.

 

MEMBER INSURANCE PLAN QUESTIONS & ANSWERS

Why should I join the HIABC Professional Insurance Plan? (PIP)

PIP is a self-funded, non-profit Errors and Omissions (E&O) plan developed by home inspectors for home inspectors. Its staff and legal counsel understand the inspection process and its limitations. PIP promotes the profession, supports members in responding to complaints and claims, and provides legal defence and payment of associated costs within the limits of the Plan.

Who can participate in PIP, and who is covered?

PIP is available to HIABC members in good standing and approved by HIABC. Participation, fees and coverage apply to the individual licensed inspector, including a sole proprietor operating under a business name (DBA or O/A). Coverage does not extend to a separate incorporated company. Each inspector in a multi-inspector business must participate individually.

Is there coverage for prior acts?

Prior acts coverage may be available, subject to review and approval. Proof of continuous E&O coverage before joining PIP is required.

Will the cost of my coverage increase if I have a claim?

No. Having a claim does not, by itself, increase your coverage cost.

Are payment options available?

Yes. You may pay in full, semi-annually or monthly. All payment options require a commitment to the full annual Plan term.

What should I do if I receive a complaint, a threat of legal action or a claim?

Contact the PIP Administrator promptly at [email protected]. The Administrator will explain the next steps and assist with reviewing and responding to the matter.

What is the member contribution toward claim costs?

Please contact the PIP Administrator at [email protected] for current information on this.

How soon can my coverage be in place?

Once we receive your completed and signed application and payment, we’ll confirm your coverage.

Are other services covered?

PIP currently includes the following services at no additional cost, subject to applicable qualifications, proof of certification and Plan requirements: Commercial inspections / WETT inspections / Mold and water sampling for third-party testing / Thermography.

 

How do I apply for coverage?

Contact the HIABC PIP Administrator to go over your options – [email protected]