Posted by grapebed on 11/26/11 5:15pm
Msg #405000

About how much is $500,000 in E&O insurance ?

On Friday afternoon a title company told me it required $500,000
In E&O insurance from it's notaries.

I know I can find out the answer next week.
If anyone on the board could give ne a range,
that would be great. Thank you!

Reply by Notarysigner on 11/26/11 5:30pm
Msg #405001

Basic membership or premium? It's list here in supplies n/m

Reply by Notarysigner on 11/26/11 5:34pm
Msg #405003

sorry, my mistake, not so n/m

Reply by Buddy Young on 11/26/11 5:30pm
Msg #405002

Go to notary supplies and look it up for yourself

Reply by Cam/CA on 11/26/11 7:35pm
Msg #405017

It not that easy, there is paper work to fill out, all kinds

of information they require before they will give you a quote, at least that is the case here in CA.

Reply by grapebed on 11/27/11 1:19pm
Msg #405041

You're a total professiosnal

And a credit to the industry, to the Notary
Rotary board, your customers and to your family.

Reply by 101livescan on 11/26/11 5:39pm
Msg #405006

It will cost you aroun $1000 for four years. $250 a year, is it worth it? Only you can decide.

Reply by Linda_H/FL on 11/26/11 7:36pm
Msg #405018

I think it's going to be more than that

especially for CA...there IS no $500k E&O unless it's rolled into a professional liability policy.

Not worth it for me. IMO If the company has taken on a client that requires that amount of coverage, the SS or TC should cover the notary under their policy. That should be on them to comply with THEIR client's coverage requirements, not us...

Reply by JanetK_CA on 11/26/11 11:14pm
Msg #405028

I agree, Linda. n/m

Reply by Les_CO on 11/26/11 10:27pm
Msg #405025

It may be worth considering if you can find that kind of coverage, because that Title Company will only have you and maybe three other notaries in the US working for them.