Posted by LCS_CA on 10/28/08 12:52pm
Msg #268449

shopping for E&O

Searched E&O and am not finding recent posts. Have compared NNA and Notary Rotary prices (member / premier member pricing) and they are exactly the same for the bond and $100,000 E&O 4 yr. term. Any recent experience purchasing these products? TIA.

Reply by Marian_in_CA on 10/28/08 1:00pm
Msg #268452

Well, I know that you can't purchase E&O through NotRot unless you purchased your bond through them as well. Dunno if that helps or not, but you should know that a lot of E&O issuers work the same.

Reply by lindetteh_PA on 10/28/08 2:14pm
Msg #268460

I don't know if purchasing the E&O and the Bond at the same place is a Ca requirement but if not. I purchased my E&O insurance here and I already had my bond

Reply by Steven Pearce on 10/28/08 2:33pm
Msg #268463

That's too bad because bonds aren't available in OR n/m

Reply by Marjorie Wertz on 10/28/08 2:50pm
Msg #268465

Re: That's too bad because bonds aren't available in OR

Try E. R. Munro and Company, Pittsburgh. They sell notary bonds and E&O.

Reply by Steven Pearce on 10/28/08 3:07pm
Msg #268472

Re: That's too bad because bonds aren't available in OR

I should have said that I CAN'T buy bonds in OR. Apparently since they aren't required in Oregon, companies don't sell them. At least that's true for the companies I've looked at.

I've never cared for the idea of a bond anyway, I'd rather carry the insurance and keep all my assets in trust.

Reply by LKT/CA on 10/28/08 5:27pm
Msg #268484

Don't be deceived Steven....

<<<.......I'd rather carry the insurance and keep all my assets in trust.>>>

A trust is designed to help you avoid probate and reduce or eliminate estate and inheritance taxes. A trust is NOT asset protection from a lawsuit. You have to look specifically into asset protection (C or S Corporation, etc. ) to insulate your assets from a lawsuit. Consult with your attorney for further details as I am not an attorney, though I have watched LA Law for years on TV.

Reply by Steven Pearce on 10/28/08 5:34pm
Msg #268485

Yep, property is in trust safe from suits. n/m

Reply by Linda_H/FL on 10/28/08 5:42pm
Msg #268486

Marian - I got E&O from NotRot

got my bond elsewhere...

Reply by Marian_in_CA on 10/28/08 5:47pm
Msg #268488

THanks, Linda... I was just quoting the FAQs on

the website here, so I wasn't sure.

Reply by John/CT on 10/28/08 2:52pm
Msg #268467

In my case, I have always purchased the $10,000 minimum (low cost) simply because some agencies ask if I have coverage. It does nothing to protect me as a Signing Agent in that capacity, so I don't spend the extra money when I check/double check/triple check my notary work just to make sure there are no errors before submitting the dox.

Reply by Kline - Anthony on 10/28/08 4:58pm
Msg #268482

Try National Notary Association

Reply by Linda_H/FL on 10/28/08 6:06pm
Msg #268489

Same price here as there...and personally I'd rather

support THIS "organization"...<G>

Reply by Dawn/PA on 10/30/08 3:44pm
Msg #268683

Re: Nothing against NR, but if in PA

and you belong to PAN, E&O insurance is MUCH cheaper. AND they now offer signing agent insruance.

Reply by Linda_H/FL on 10/30/08 4:16pm
Msg #268684

I've been watching for that, Dawn....waiting for

someone to offer Signing Agent E&O here in FL...