Risks Involved In Hiring An Uninsured Building Inspector

It is quite common among property owners in Sunshine Coast and other parts of Australia to expect a building and pest inspector to be insured adequately for public liability as well as professional indemnity. However, many of them do not realise the fact that insurance is not something mandatory for property inspectors to have due to the current Australian Standards.

Numerous home purchasers still neglect the significance of hiring an insured professional for pest and building inspection in Sunshine Coast. They fail to realise the risks involved in appointing an uninsured one. In case the inspector misses a fault during the assessment which later results in substantial financial loss for the owner, even a long court battle might be in vain and help to get zero reimbursement. Besides owners, a building inspector can suffer considerably as well if they do not have any public liability or professional indemnity coverage. They would also be affected financially in case a client takes legal step against them.

Professional indemnity and public liability coverage for building inspectors covers more than just errors. It also takes care of bodily injuries and property damage. For instance, if the ladder of a property inspector falls and causes him injury or damage to the property, the insurance would cover the mishap.

Except for Queensland, the building inspection industry in all states of Australia is not properly regulated. As such, the industry is more or less filled with plenty of inexperienced amateurs who do not even possess proper training. In such a scenario where almost any inspector can be inefficient (except for those working with reputed firms), it is important to ensure that the professional being chosen for assessing the condition of a property has an adequate public liability and professional indemnity insurance.

There are several things that one must keep in mind while considering a pre-purchase property inspector for hire. The professional must be asked certain questions, such as if they have a proper insurance, whether they have been prosecuted professionally or not in the past, how many assessments have the done during the last 11 or 12 months, what is their reputation among clients, and so on. It is also necessary to enquire about the qualifications and experience of a building inspector. These things would not only provide protection against poorly done inspections, but also help to stay safe from unnecessary financial losses.