Posted by Kelly Sullivan on 3/10/11 3:55pm
Msg #375784

E&O - Attorneys only, please ;)

Any recommendations for a carrier/agent? Recommended policy limits for what we do as signing agents? One of my clients is requiring that I carry E&O and notary and/or signing agent E&O is not sufficient.

Thanks!!!
Kelly

Reply by FlaNotary2 on 3/10/11 7:21pm
Msg #375810

And you need an attorney for this question because...?

There aren't all that many attorneys on this board anyway, but if they say notary and NSA E&O are "insufficient", why don't THEY tell you exactly what THEY want? And you need to decide if it is worth the added expense to obtain another insurance policy just because one company wants you to.

Reply by CopperheadVA on 3/10/11 7:45pm
Msg #375820

Probably because she is in an attorney-only state for loans n/m

Reply by Doris_CO on 3/10/11 7:36pm
Msg #375817

Do they want $500,000. E&O?

Reply by BobbiCT on 3/11/11 7:11am
Msg #375860

Because you're in MA ..

If you are enlarging your practice to include real estate refinances, check with REBA in MA.

Your insurance coverage as a practicing attorney should be sufficient. At least it is for the MA attorneys I know that handle real estate refinances.

Reply by Kelly Sullivan on 3/11/11 11:58am
Msg #375888

Re: Because you're in MA ..

Thank you! I will check with REBA...I've never carried my own E&O ~ when I worked for firms, they covered me. When I "went out on my own" (and I use quotes because I work part time out of my home and all I do is witness-only closings, so I don't have a firm, per se), I didn't get any coverage because I couldn't afford it.
Now that one of my better clients is requiring it, I am looking into it to see if it's something I can afford, or if I'll have to discontinue working with them. They don't specify how much coverage, only that they want me to have it.
Thank you for your responses. Sorry if the "attorneys only" request offended. That wasn't the intention ~ I just felt that fellow attorneys would have the information I was seeking. A notary who is not also an attorney would likely not have the need to carry legal malpractice insurance and I didn't want to waste anyone's time.

Reply by Linda_H/FL on 3/11/11 12:11pm
Msg #375890

Kelly, all due respect, but if you're going to be doing

closings in MA, you either have to BE an attorney or be SUPERVISED by an attorney - ff supervised I'd guess their malpractice/professional liability insurance would more than likely come into play.

SReis may be able to help you - she's a MA attorney too who posts here occasionally - do a search for SReis and possibly send her a p/m...

Just a thought.

Reply by Kelly Sullivan on 3/11/11 3:26pm
Msg #375917

Re: Kelly, all due respect, but if you're going to be doing

Thank you, Linda - I received your message - that was nice of you. However, I am an attorney.

Reply by Linda_H/FL on 3/11/11 3:41pm
Msg #375922

I know Kelly..that's why I sent the p/m n/m

Reply by Linda_H/FL on 3/11/11 12:15pm
Msg #375891

Kelly, sent you a p/m... n/m

Reply by Art_PA on 3/11/11 1:58pm
Msg #375909

Try Minnesota Lawyers Mutual www.MLMins.com

and

AON Affinity www.aon.com/affinity

Their attorney malpractice covers notary acts.