What type of insurance must inspectors have according to Texas regulations?

In Texas, home inspectors are required to carry professional liability insurance, also known as errors and omissions insurance. This type of insurance protects inspectors against claims that may arise from mistakes or negligence in the inspection process. It is essential for covering legal costs and any settlements that may result from lawsuits filed by clients who feel they have been wronged due to an inspector's oversight or failure to identify problems in a property.

Having professional liability insurance is crucial because it not only helps ensure that inspectors can defend themselves against claims, but it also instills confidence in clients, as it demonstrates a commitment to professionalism and accountability. Other types of insurance, while important in their own right, such as health insurance, workers' compensation, and general liability insurance, do not specifically cater to the unique risks associated with the work inspectors perform and are therefore not mandated by Texas regulations for home inspectors.