Which type of insurance is required for performing WDO (Wood-Destroying Organism) inspections?

Errors and omissions insurance is specifically designed to protect professionals who provide services or advice to clients. In the context of WDO (Wood-Destroying Organism) inspections, this insurance covers liability arising from mistakes, oversights, or failure to perform duties as expected.

When conducting a WDO inspection, the inspector is responsible for accurately identifying wood-destroying organisms and advising clients accordingly. If the inspector fails to spot an infestation or provides incorrect information that leads to property damage, they could be held liable. Errors and omissions insurance would cover legal defense costs and any settlements or judgments resulting from claims made by clients who suffer losses due to negligent service.

The need for this specific coverage is crucial in the inspection industry because clients rely heavily on the inspector's judgment and expertise to safeguard their property. As a result, having errors and omissions insurance is often mandated for professionals in this field to ensure they can responsibly manage the risks associated with their work.