1 day ago
Monday, June 2, 2008
Although most companies require signing agents to carry errors & omission coverage, many are still unclear about what E & O insurance covers. Notary E & O insurance covers losses from notarial acts related to errors, omission, or negligence during the notarizing of documents which can include improperly identifying a borrower or an improper or missing stamp or seal. E & O does not cover errors related to non-notarized functions and documents that are a large part of what takes place at a signing. And notary bonds do not protect the notary, they protect the public. Some companies seem to be trying to fill that gap by recently offering signing agent E & O insurance. The USNA and SigningAgentInsurance.com both offer signing agent errors and omission insurance (this is not an endorsement).