1. The Administrator shall require each applicant for an original certificate or license and each applicant for renewal of a certificate or license to submit proof that the applicant or his or her employer holds a policy of insurance covering:
(a) Liability for errors or omissions in an amount of not less than $100,000; and
(b) General liability in an amount of not less than $100,000.
2. Each certified inspector, energy auditor or his or her employer shall maintain a policy of insurance that complies with the requirements of subsection 1.