How much insurance is required for a mold remediation services license?

The requirement for insurance in mold remediation services is set at $1,000,000. This amount reflects the industry standard for liability coverage necessary to protect both the service provider and the clients from potential claims arising from mold remediation work. This level of insurance helps ensure that if any issues occur during the remediation process, such as damage to the property or health hazards affecting occupants, there will be sufficient financial resources to address claims.

Having this amount of coverage is also crucial because mold remediation can involve significant risk due to the possible health effects associated with mold exposure and the technical challenges of safely removing it. A million-dollar policy offers a level of assurance to clients that the contractor is prepared for unforeseen circumstances, thereby fostering trust and confidence in the services provided.