Notary Errors and Omissions (E&O) Insurance only covers notarizations you do during a signing. It does not protect you when you are reviewing documents with the customer, providing rescission date calculations, or returning the paperwork to the loan provider.
Having the proper type of liability insurance will provide assistance and protection for defending yourself in a lawsuit, even if you are innocent.
As an independent signing agent, there is unlimited personal liability for losses caused by any errors you make during the signing.
Signing Agent E&O Insurance helps to fill the gaps not covered by Notary E&O Insurance.
Under the protection of Signing Agent E&O, a policy will provide coverage for:
- Innocent errors or omissions related to signing agent notarial acts
- Incorrectly dating the right of rescission
- Missed initial or non-notarized signatures
- Unauthorized changes to documents
- Negligence of the signing agent to complete the documents in a timely manner
- Slow return of date sensitive documents
To qualify for Signing Agent E&O:
- You must have taken signing agent training and earned certification
- You hold membership in a professional association
- You keep a register or journal
For more information on Signing Agent E&O, please visit E. R. Munro and Company or call 877-ERMUNRO (376-8676) and speak with an insurance agent.
