Should an experienced signing agent be covered by Signing Agent Errors & Omissions (E&O) Insurance?
Absolutely. Here's why…
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 is designed to fill the gaps not covered by traditional Notary E&O Insurance.
Under the protection of Signing Agent E&O, a policy will provide coverage for:
To qualify for Signing Agent E&O Insurance, you:
This informational video from PAN's insurance broker, E. R. Munro & Company, discusses the benefits of having a Signing Agent E&O Insurance policy.
Notary E&O insurance protects you from out-of-pocket expenses due to mistakes that cause your customer financial loss. The policy pays your claim first before your bond.