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Signing Agent Insurance

Signing Agent Errors & Omissions Insurance is a new product available to you by Notary Public Underwriters. It fills the gaps left with a traditional Notary E&O policy, which only provides coverage for the actual notarizations in a loan package.

Offered by Notary Public Underwriters in Arizona, Connecticut, Florida, Illinois, Missouri, Michigan, Texas, and Wisconsin with more states coming soon.

Fill out the application and order form by selecting your state.

 Notaries

The new policy provides coverage for actions such as:

  • Innocent errors or omissions related to signing agent specific 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 due to the sole negligence of the signing agent
  • Late return of date-sensitive documents

Can You Afford the Consequences of a Mistake?

not-insuredWhat was the value of your last closing? A fraction of the payout could be devastating. Law suits involving loan closings and notaries are rapidly increasing, and the notaries involved in these transactions are paying the price.

  • 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.

All Signing Agents were held liable for damages in the above examples. Traditional Notary Errors & Omissions insurance does not protect you in these cases — only Signing Agent E&O insurance can. 

Signing Agent Insurance is available through CNA Surety and is underwritten by Western Surety Company. CNA Surety, one of the largest surety companies, is known for its expert underwriting, financial strength and market leadership.

 

FAQ

If your question is not answered here, please contact us by This email address is being protected from spambots. You need JavaScript enabled to view it. or call 800-821-0831.


 

Who can benefit from Signing Agent E&O?

Any notary who is officiating loan closings or businesses that use the services of signing agents can be confident in notaries that carry this comprehensive coverage.

What are the requirements needed to purchase Signing Agent E&O insurance?

The notary must be an experienced Signing Agent or meet other qualifying criteria including maintaining a journal, membership in a notary association, or signing agent training.

 

Why is Signing Agent E&O essential to a notary performing loan closings?

Signing Agent E&O fills the gaps left with traditional Notary E&O, which only provides coverage for the actual notarizations in a loan package.

 

How do I purchase a Signing Agent E&O policy?

Fill out the application and order form and return them along with your payment. You may also fax your forms to 877.856.1663.

 

What is a Signing Agent?

The term "Signing Agent" means a notary who conducts loan signings. Another name is witness-only loan closer. In addition to notarizing signatures where required, the "signing agent" is responsible for obtaining all other signatures and initials on the documents, and then returning the documents to the lender.

 

What does the policy cover?

It is designed to cover unintentional errors or omissions while the notary is acting as a "signing agent". In addition to the notarizations, it covers such things as getting all other signatures and initials, correctly dating the documents, completing the signing in the time period specified, and promptly returning the signed documents. Defense costs are also covered within the coverage amount.

 

Does the policy cover punitive damages?

Punitive, treble, exemplary or similarly categorized damages are excluded.

 

What does "Claims Made" mean?

The basis of the claim and the filing of the claim must both occur while the policy is in force. No coverage for prior acts is available.

 

What if I am no longer a Signing Agent but want to continue coverage for anything that might be discovered after my policy ends?

We are offering optional extended reporting coverage. The extended reporting coverage rider only extends the time available to discover a claim – it does not extend the coverage itself.

 

Why isn't this available in all states?

Notary Public Underwriters currently offers this policy in Arizona, Illinois, Missouri, Michigan, Ohio, Texas, and Wisconsin. As states approve our rate and form filings, additional states will be added to the list. Please be aware that coverage may not be available in all states.

 

Are higher limits available?

We are offering limits of $75,000 per claim/$150,000 aggregate and $125,000 per claim/$250,000 aggregate at this time. Larger limits may be available in the future.

 

How do the limits work?

The "per claim" limit applies to a single act or multiple acts related to a single event. If the signing agent has multiple claims filed for different loan signings done in the same year, the most we will pay is the aggregate amount.

 

How does the deductible work?

The deductible is per claim and only applies to the actual loss amount. The deductible does not apply to defense costs.

 

Does a Signing Agent also need Notary E&O Insurance?

If the notary does other notary work, besides loan signings, he/she will need to carry both policies because the Signing Agent E&O is limited to just transactions involving real estate loan signings.

 

Do the policy dates need to match my notary commission?

The policy dates do not need to match your commission term.