Posted by Matt on 9/21/05

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I own a home inspection company.

After my insurance company raised my errors and omissions
insurance 20 percent when I had NO claims, I dropped them.

For my 3,000 dollar yearly premium I got arbitration from
my insurance company. I still have an arbitration clause
in my inspection contract. The arb USED to be done by my
insurance company. Well, now I have arb done by the BBB
in my agreement. This costs 600 dollars per year.

I have been reading on the web about arbitration companies
being declared (sp) unfair and allowing clients to sue
anyway. My old insurance company used an arb company
who's owner was a disbarred lawyer. He was stealing from
clients, neglecting clients from what I have read.

I have never been sued. I have sued other people. The
first thing the lawyers want to know is the facts....do
they have a case. The second thing they want to know
is....DO THE PEOPLE BEING SUED HAVE INSURANCE????? No
insurance, no lawsuit because they know that even if they
do win....without insurance, they may never see a dime.

In Michigan, doctors to not have to carry malpractice
insurance. Neither are home inspectors.

I just rely on BBB arb clause in my inspection agreement
to protect me along with my LLC.

Now you lawyers tell me why I am nuts.

detroit home inspections

Re: Insurance....yes or no, 9/25/05, by Who Cares.

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