Bill > HB1625

This bill amends the existing law concerning insurance requirements for licensed home inspectors by making a few specific changes. Currently, the law requires all home inspectors to carry general liability insurance, but the proposed amendment modifies this to require home inspectors to carry either a professional liability insurance policy or an errors and omissions insurance policy that has been approved by the State Insurance Department. The bill maintains the existing coverage requirement of at least $100,000 in insurance protection. Professional liability and errors and omissions insurance are types of coverage that protect professionals against claims of negligence or inadequate work, which is particularly relevant for home inspectors who provide critical assessments of property conditions. By specifying approved policies from the State Insurance Department, the bill aims to ensure that home inspectors have appropriate and reliable insurance coverage that adequately protects consumers and the inspectors themselves.

Business and Industry

https://arkleg.state.ar.us/Bills/Detail?id=hb1625&ddBienniumSession=2025%2F2025R