Practice Quiz

Home Inspection

Category - Business Operations

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While conducting an inspection, you notice a problem with the furnace but forget to include it in the inspection report. After purchasing the home, your client files a complaint against you. Which type of insurance protects you in this situation?
  1. General liability insurance
  2. Errors and omissions insurance
  3. Homeowners insurance
  4. Property insurance
Explanation
Answer: B - While conducting an inspection, you notice a problem with the furnace but forget to include it in the inspection report. After purchasing the home, your client files a complaint against you. The type of insurance that protects you in this situation is errors and omissions. When you forgot to include the problem in the report, you "omitted" the information. That omission affected your client's ability to make an informed decision about purchasing the home.
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