Subject: Insurance for Canada
Submitted by Bill Erickson
The following are some notes regarding applying for coverage for E & O insurance through HUB International in Canada:
Subject: RE: Insurance for GPI Home Inspectors
Hi Bill: Sorry, I forgot to mention the status. With respect to the OAHI - we cannot insure them at the student level as they are forbidden to do anypaid inspections. Once they achieve applicant or associate status, I can insure them. To obtain either level they have had to qualify for the membership upgrade. I can insure the CAPHI members at any level, as they do not have the student level. A home inspector with less than one years experience is considered new to the home inspection industry. They qualify for our program, but their deductible is higher and they have a small surcharge applied to the premium for the first year. This keeps them accountable to their reporting and their business. Upon renewal, their deductible is decreased and there is no surcharge applied.
Kim
Sent: March 24, 2008 3:48 PM
To: Kim Smith
Subject: RE: Insurance for GPI Home Inpsectors
Thanks Kim. I think joining an association is a good idea. So,if their choice is CAPHI or OAHI, etc. and they are a new inspector, being an applicant member or candidate member (as a new inspector, but still a member) is sufficient to show they are serious about the profession.
Bill Erickson
From: Kim Smith [mailto:
Sent: Monday, March 24, 2008 2:48 PM
To: Bill Erickson
Subject: RE: Insurance for GPI Home Inpsectors
In order to be eligible for our program, the home inspectors must belong to one of the following associations.
National Association of Certified Home Inspectors (Canada) - now called interNACHI
CAPHI or any of the provincial subsidiaries. ie- OAHI
British Columbia Institute of Property Inspectors - BCIPI
Belonging to any or all of the associations forms part of our policy with respect tothe Standard of Practice,Code of Ethics andthe Educational Requirement that they must as members adhere too.
Belonging to an association and following their requirements helps us insure the right home inspectors. These are the individuals that are serious about their career choice, and want to keep up to date with respect to their industry.
Just about all of the home inspectors that have applied for our program, and are operating under the Global Property Inspections franchise, have belonged to one of the associations above before applying. If they have not yet become a member of an association, I advise which they can apply too. They have all been receptive to joiningan association, as they find great value as a member.
If you have any further questions regarding our program, I would be more than happy to discuss with you. Regards,
Kim Smith
Account Executive
From: Daniel Breau
Sent: March 24, 2008 2:31 PM
To: Kim Smith
Subject: FW: Insurance for GPI Home Inpsectors
Can you please review this and provide an appropriate response.
Daniel Breau - MarketingManager | Tel (905) 847-5500| Fax (905) 847-6613| Toll Free 1-800-263-2383 |
HUB International Ontario Limited
2370 Wyecroft Road, Oakville, Ontario, Canada L6L 6M1
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From: Bill Erickson [mailto:
Sent: Monday, March 24, 2008 11:50 AM
To: Daniel Breau
Subject: FW: Insurance for GPI Home Inpsectors
Daniel,
One of our GPIinspectors mentioned that you are apparently requiring they be a member of an association. I hadn't heard that before but my question
is whether by joining CAHPI at the initial membership level (candiate or applicant level) is that sufficient? Obviously it takes time and experience to become
a full certified CAHPI member. Some of the inspectors are Nachi members or there might be some other associations in Canada they associate with.
Please advise.
Bill Erickson
In Canada, GlobalProperty Inspections
From: Bill Erickson
Sent: Friday, January 25, 2008 4:52 PM
To: ''
Subject: Insurance for GPI Home Inpsectors
Daniel,
Some of our GPI home inspectors/franchise owners have obtained coverage through you for professional and general liability.
Thank you for assisting them with this important coverage.
I noticed that in general the insurance certificates, mostly last year, showed the insurer as "The Wholesale Insurance Group--Lloyds of London"
but I did see late in the year for one of our Alberta inspectors a company listed "The Lombard Insurance Group." Are you using Lombard for
all Canadian inspectors or is that just in Alberta?
Another question I have received from the inspectors is the retroactive coverage. I believe I recall that the inspectors can put on their application
the inception date of prior, non-interrupted coverage, as a retroactive date for their coverage. So, if they were covered under the FREA
policy from, forexample, March 1, 2000 until March 1, 2008 and apply for coverage through HUB they would use March 1, 2000 as the retroactive date
and March 1, 2008 as their new policy date, correct? I have explained to the inspectors that the retroactive date is important in order for their
new policy to pick up the liability for past inspections, except those previously reported as potential or actual claims, to their previous carrier.
Since the policies are claims made, that retroactive coverage is important as claims must be reported during the policy period and the inspections
must be performed during the policy period, in order for coverage to be in effect. Isn't that how the coverage works? Thanks.