Posted by tammyky on 12/13/06 10:38pm
Msg #165826

e/o insurance

At the time I became a notary I was working for a finance company. So the company took care of any and all documentation for getting my notary seal and e/o insurance etc. (I no longer work for that company. ) I am wondering if I still have e/o insurance. Now don't think of me as a moron yet. I called up to my local notary office and they said that I should still have it from the company I used to work for. So how do I find out who my e/o insurance is with??

p.s. be nice!! i've posted before and good grief some people forget they were once newbie too with goofy questions.

p.p.s. How much e/o insurance should I have??

Reply by Roger_OH on 12/13/06 10:56pm
Msg #165830

They may well have just taken out an e&o rider on you while you were performing for them, then switched it to whomever replaced you. Even if they didn't, the coverage they had on you is likely either expired or close to it. Best to just start fresh with your own policy; I suggest $100K as a good amount.

Reply by Korey Humphreys on 12/13/06 10:58pm
Msg #165831

If it was in your name...... which most likely it was.... then you should still be covered unless if it expired, or your employer cancelled it on you.

I have $10,000.00 coverage only.

Reply by Korey Humphreys on 12/13/06 10:59pm
Msg #165832

I'm sorry...... $10,000.00 = $100,000.00 n/m

Reply by Susan Fischer on 12/13/06 11:02pm
Msg #165833

Hi, Tammy-

There is an E & O policy for notaries, which covers notorial acts and has the usual exclusions. Then there is business E&0 for someone who, say, generates documents. Personally, I would not expect to be covered by a policy I did not have in my hand with my name as the Insured. JMHO

Reply by MelissaCT on 12/14/06 8:02am
Msg #165850

Re: How much should I have

Tammyky, that is a personal question and not answered by a blanket statement. It's what you feel comfortable with. Keep in mind e/o ONLY covers strictly notary errors, not those made in the signing agent business...that would be your business liability (Commercial General Liability) or business E&O coverage. Try the search feature, this has been discussed previously several times.

Reply by Les_CO on 12/14/06 4:02pm
Msg #165970

Why is it that the NNA charges $416.00 for the same coverage that Travelers charges $170.00 for?

Reply by Lee/AR on 12/14/06 4:32pm
Msg #165977

Can you say...

Profit Pocket.