Posted by Michele Allen on 7/25/08 12:19pm
Msg #256802

Looking for your opinions

I received a call to do a signing today and its within my own community. I thought great very little travel and they met my fee. Here's the wrinkle. In the confirmation email they wanted a copy of my E&O policy. I told them I was not willing to give them that information. They stated they needed for payroll. I told them the only thing they needed was a W-9. Needless to say the won't be using me. I have been doing this for a couple of years and never have I had to send a copy of my E&O. What do you think?

Reply by SoCal Signing Co. on 7/25/08 12:22pm
Msg #256804

it is not uncommon to request this for the file.
Some times, A companies insuranc carrier will require that the subcontractors they employ need to have their own insurance binder.

What exactly do you worry about with regards to this?

Lisa

Reply by MaggieMae_CA on 7/25/08 12:28pm
Msg #256807

E&O and Bond common requests

Most of the sites I've signed up with request the numbers and amount of my E&O and Bond and in at least 50% of the cases they request copies of the documents. What Lisa states makes sense. If I were to make a mistake, I'm sure that her insurance carrier would want to recoup any losses from my carrier.

Reply by Cam/CA on 7/25/08 12:29pm
Msg #256808

Re: Most companies want either your E & O policy number or

a copy of it, I wouldn't have had a problem with it either.

Reply by Linda_H/FL on 7/25/08 12:27pm
Msg #256806

I have no problem giving them my E&O - they want assurances that your covered...now my CAR insurance, which I've been asked for - well, that's another story..they don't get that. Or my SS card or a copy of my DL...E&O and W-9..that's it.

Reply by desktopfull on 7/25/08 12:42pm
Msg #256811

I've gotten a request for a copy of my E&O from almost every company I work for, the ones that ask for the copy won't use anyone that doesn't carry E&O insurance. They want the copy as proof of insurance.

Reply by MW/VA on 7/25/08 12:52pm
Msg #256813

Too bad you lost a signing over this. I have provided a copy of my E&O to many companies.
As stated in the previous posts, they need proof of your insurance. I do mark everything I fax or send "copy".

Reply by Michele Allen on 7/25/08 1:01pm
Msg #256815

Thank you for your quick responses. I have been doing this for a number of years and honestly I have never had this request before. I do feel better that others have given out this info. Thank you again.

Reply by dickb/wi on 7/25/08 1:05pm
Msg #256816

but remember your notary e & o only.....

covers notarial acts and not the signing you are doing.......

Reply by ChristineHI on 7/25/08 1:49pm
Msg #256822

Wow, most companies ask for that. I am not sure why you would have a problem giving them a copy of that. I have sent a copy of my policy to many, man companies. I have been in the business a long time too and am surprised you have not been asked before and that you would refuse to send it. I am not sure why you would not send that to them since it does relate to your signing business. I would never, ever lose a signing over that that is for sure!

Reply by pixiedust on 7/25/08 4:43pm
Msg #256875

What does E & O stand for? I am new to this and was curious.
Thanks.

Reply by MistarellaFL on 7/25/08 5:02pm
Msg #256883

E & O = Errors & Ommissions Insurance

for notarial errors only.

Reply by Ernest__CT on 7/25/08 9:57pm
Msg #256972

Errors & Omissions Insurance != Bond

A bond has to be repaid. Insurance does not.

No Notary with sense is without Errors & Omissions insurance!