Posted by Toni (NY) on 6/10/05 10:41am
Msg #43777

Nasco and E&O

Does Nasco require E&O insurance if your state does not require it? I am working on their application and they want a copy of the policy. However, I don't carry it since it is not required and I have never been turned away for it before.

Thank you,
Toni

Reply by Kimberly_IN on 6/10/05 10:53am
Msg #43780

I've seen several companies that require E & O, regardless of state requirements.

Reply by Ernest_CT on 6/10/05 11:48am
Msg #43786

E&O: Don't leave home without it!

Whether your state requires E&O insurance, you should have it! Don't know about NY law, but CT law says the notary has NO LIMIT on their liability. Unless you're independantly wealthy and want to become independantly poor due to a lawsuit, buy some protection.

Reply by Stephen_VA on 6/10/05 11:52am
Msg #43788

Re: E&O: Don't leave home without it!

And unless you feel like burning small amounts of money too, research notary e & o versus other e&o so you know what you are actually being protected against.

Reply by Toni (NY) on 6/10/05 11:59am
Msg #43791

Re: E&O: Don't leave home without it!

How much coverage do you carry?

Reply by ColleenCA on 6/10/05 12:15pm
Msg #43795

Re: E&O: Don't leave home without it!

$100,000

Reply by n.p. on 6/10/05 2:12pm
Msg #43827

Where are you located Toni?

Hi Toni,

Just wondering where in NY you are located.

E&O Insurance is always good to have and alot of companies outside of NY like to/ask if you carry it, and some of them require it....

I carry only $25,000 it's not much but at least it is something.

Reply by John_NorCal on 6/10/05 6:46pm
Msg #43886

Re: E&O Ins and Umbrella Policy

Have any of you considered adding an umbrella policy to your homeowners policy? Talk to your insurance carrier, I believe that would cover any amount in excess of your existing E&O policy. Check it out with your insurance agent.

Reply by Joan-OH on 6/10/05 8:49pm
Msg #43900

Re: E&O Ins and Umbrella Policy

I don't think a personal liability umbrella is going to cover anyone for business unless your insurance agent is selling you a commercial umbrella on your homeowners policy. I haven't worked in an insurance office since 1990, but I don't see that as likely either.

Joan-OH

Reply by Toni (NY) on 6/11/05 7:50am
Msg #43933

Re: Where are you located Toni?

Long Island