CNA Surety Signing Agent Errors and Omissions (E&O) Insurance is specifically designed for notaries who assist with loan signings. This policy is currently available in the following states only: AL, AK, AZ, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MS, MO, MT, NE, NV, NH, ND, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, DC, WV and WI.
The policy is a claims-made policy, meaning both the basis of the claim and the filing of the claim must occur while the policy is in force. Coverage for prior acts is not available. The Per Claim Limit is the maximum amount the policy will pay on any one claim. The Aggregate Limit is the maximum amount the policy will pay on all claims combined.
Choose from one of the following coverage levels:
All policies are for a term of 1-year and Notary Rotary Membership is required.
Our Signing Agent Errors & Omissions Insurance Policy is designed to fill the gaps left with traditional Notary Errors & Omissions Insurance, which only provides coverage for the actual notarizations in a loan package. The new policy, which includes defense costs, provides coverage for actions such as:
Innocent mistakes happen, no matter how careful you are. Consider a few cases where traditional notary errors and omissions insurance would not apply:
- Innocent errors or omissions related to Signing Agent Notarial acts
- Incorrectly dating the Right of Rescission
- Missed initials or non-notarized signatures
- Improper corrections made to documents
- Failure to complete the signing on time
- Late return of date-sensitive documents
|A notary signing agent completed a loan closing and was responsible for returning the documents via expedited mail. However, the notary accidentally threw away the wrong envelope and the documents were never sent.||A signing agent completed a closing, put the documents in the mail, and completed all required assignments. However, the title company never received the documents and accused the signing agent of never sending them and delaying the closing.||A mortgage lender sued a signing agent for failing to provide customers with copies of documents, which resulted in a change in rescission date.|
|Price: Varies - see below|
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