Signing Agent Errors & Omissions Insurance

Signing Agent Errors and Omissions Insurance covers, among other things:

• Properly identifying the borrowers
• Obtaining all other signatures and initials
• Notarizing the documents
• Correctly dating the documents
• Completing the closing in the time frame specified
• Returning the documents promptly

Signing Agent E&O Insurance will not cover:

• Rendering advice or opinion on a potential loan (unauthorized practice of law)
• Notarizing without the physical presence of the signer. This is a difference between Notary Public E&O and Signing Agent E&O.
• Non-real estate transactions. A notary also doing general notary work should continue to carry traditional Notary E&O insurance. A claim regarding the notarization of real estate documents could, potentially, be covered by both policies.

Type of coverage:

• Claims-made
• No retroactive coverage
• Defense within Limits

Underwriting emphasis:

• Primarily, experience as a signing agent
• Training as a signing agent, if limited experience handling signings
• Association membership (for continuing education, answering questions, etc.)
• Maintaining a notary journal