Understanding Arbitration Douglas A. Glass, Esq. & Kris P. Thompson, Esq. It’s mid-afternoon on a typical Thursday. There is a knock at your office door. You are not expecting anyone so you are slightly surprised as you walk to the door and open it. A young man stands in front of you, somewhat out of...…
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Avoiding Complaints Are You Doing All You Can? The following is excerpted from the Liability Reporter, a risk management e-newsletter for real estate home inspectors and appraisers published by the Organization of Real Estate Professionals (www.OREP.org). Home Inspector Checklist* 1. Do you always obtain a signed pre-inspection agreement from the client? 2. Does your pre-inspection…
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Editor’s Note: Here is the second in an ongoing series of risk management strategies from Alan Carson designed to help inspectors insulate themselves from liability. This installment examines the value of a good contract and the importance of establishing realistic expectations in the mind of your client. Inspecting Your Contract By Alan Carson Many believe...…
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Loss Prevention – Nine Mistakes You Shouldn’t Make By Douglas A. Glass, Esq. I’ve spent the last 17 years defending home inspectors in civil lawsuits. Along the way I’ve seen a number of mistakes that often cause inspectors to wind up in litigation. Here are a few suggestions for staying out of trouble. Defer to...…
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Editors Note: Client complaints are a fact of life for home inspectors. But complaints do not have to turn into lawsuits. In fact, if handled properly, complaints are actually a golden opportunity. Here is the first in an ongoing series of risk management strategies from Alan Carson designed to help inspectors insulate themselves from liability....…
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Editor’s Note: The following questions are from OREP insureds and inspectors nationwide. The answers, provided by David Brauner, Senior Broker at OREP, may be helpful when shopping for your E&O insurance. If you have specific questions about your coverage, ask your agent. Inspectors Errors and Omissions Insurance Q&A By David Brauner, Senior Broker at OREP.org…
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Editor’s Note: Home Inspectors no longer have to pay more for the complete coverage they need. A new program from OREP includes E&O and General Liability/Off-Premises Coverage, plus many other ancillary coverages inspectors need like termite, radon, drone, EIFS, commercial and much more! OREP Announces New Home Inspector Insurance Program Complete Coverage: New Lower Rates OREP-…
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Most of us consider ourselves to be technically astute when in the field performing inspections. We spend many hours each year learning through continuing education classes and meetings. But how often do we think about managing our risk each day? When is the last time you updated your contract? Do you think about…
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E&O Insurance: Prices Drop Time to Shop by David Brauner, Senior Insurance Broker at OREP.org Instead of the now familiar direction to “shop ‘till you drop,” current insurance conditions suggest instead that inspectors should shop because they’ve dropped. We’re talking about rates for errors and omissions insurance of course. The market has softened (prices dropped)…
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Editor’s Note: There are good reasons for reporting claims and incidents when they happen. Here is vital information, that even seasoned inspectors may not know, that can save you anxiety, money and maybe even your business. If you’re an appraiser, much of this story pertains to you as well
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