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Re: Maybe the companies that request it don't read the
Posted by  Moneyman/TX of TX on 6/18/11 12:33pm Msg #386815
Several of the signup packages also <originally> have something to the effect of holding me responsible for their mistakes. I cross that part, and others, out on many of them before I sign them.

Several of the companies I have dealt with as for at least $35K or just to prove that I carry E&O without naming a number. Lately I have seen more that have an increased amount, such as $100K. Like others, I think that is the result of XYZ pushing it more than any real necessity.

Several of these companies want more "experience", more "certified" SAs, more flexibly from the SAs, the SAs to take more of the responsibility yet they want to offer less and less for all the increased "protection" THEY seek. jmho
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Messages in this Thread
 What amount of errors and omissions insurance do you have? - Benchmark on 6/16/11 3:23pm
 NP $100K, SA $250K n/m - SouthernOK on 6/16/11 3:25pm
 SA 100K - Sha/CA on 6/16/11 7:04pm
 $35K :=D Get mine right here on NotRot n/m -  Moneyman/TX on 6/16/11 8:11pm
 Chris...and companies accept the $35k?? n/m -  Linda_H/FL on 6/16/11 8:38pm
 Why not? It was the XYZ that pushed the 100K requirement. -  MW/VA on 6/16/11 9:14pm
 $10,000 does the trick in Alabama. -  Jack/AL on 6/16/11 9:54pm
 Haven't had one yet tell me it was not enough. n/m -  Moneyman/TX on 6/16/11 9:51pm
 Maybe the companies that request it don't read the -  Linda_H/FL on 6/17/11 7:32am
 Re: Maybe the companies that request it don't read the -  Moneyman/TX on 6/18/11 12:33pm
 Re: What amount of errors and omissions insurance do you have? - Lee/AR on 6/17/11 9:33am
 I am embarrassed to say that I only carry $1,000 E&O - FlaNotary2 on 6/17/11 9:58am
 It doesn't matter if you do 1 or 100 notarizations -  Linda_H/FL on 6/17/11 10:08am
 I base my coverage decision on - FlaNotary2 on 6/17/11 10:16am



 
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