About 98% of the firms in the field services industry require NO insurance.
The mortgage segment of the industry is the home of the #2 - $5 mortgage drive-by inspections. Most of the firms that task out these low-fee inspections require E&O insurance.
The commercial segment of the industry is the home of the higher quality firms that pay the higher fees of $25 - $300. In most cases, these firms require NO E&O insurance.
Summary:
Low fees ... YES on E&O insurance requirements
High Fees ... NO on E&O insurance requirements
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