Recently some of the companies have asked me if I carry General Liability Insurance. I had never been asked this before . Do any of you carry this over and above E & O ?
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If you sale REO's, many companies require it now. If you do interior BPO's, some companies also require it but most do not. I do evaluations related to PMI which all are interior for a company and they require General Liability Insurance before I can step on the property.
Yes, I have several clients that require both E&O and General Liability insurance. My current GL policy cost $570/year and covers my business for all kinds of things from trip & fall liability to fire, theft, and sinkhole activity. Another cost of doing business in REO.
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I think my broker used her personal homeowner's general liability. I was going to get my own but it sounds like it's not very expensive.
I pay $500 a year for commercial insurance, which covers everything not covered by E&O, etc.
If you sale REO's, many companies require it now. If you do interior BPO's, some companies also require it but most do not. I do evaluations related to PMI which all are interior for a company and they require General Liability Insurance before I can step on the property.
Yes, I have several clients that require both E&O and General Liability insurance. My current GL policy cost $570/year and covers my business for all kinds of things from trip & fall liability to fire, theft, and sinkhole activity. Another cost of doing business in REO.