Every week I do my welcome calls to some of the new Notaries. I no longer have time to call them all, but I call many. More and more are getting 1 Million Errors & Omissions or 2 Million in E&O Insurance. It is a shock to my system.
I joked that one day there would be a 6 million dollar Notary that would be called — The Bionic Notary would could notarize twenty documents in three minutes flat including journal signatures and then jump over fences.
It is a lot less expensive to get high E&O limits these days and that is why it has become more popular. So, I might suggest upping your E&O if you have signed at least 1000 loans so the title companies will consider you more.
Just wanted to share the news.
Thank You for calling… I enjoyed our chat tonight. I’m already looking up your marketing blog
Comment by Nicole J — July 13, 2021 @ 1:03 am
Sounds like some newbs have swallowed way too much koolaid poured out by a certain online educator. We don’t need that much, imho.
Comment by Lee/AR — July 13, 2021 @ 6:49 pm
I’m interested in this post, because I have yet to receive a quality education on what, exactly, E&O covers. I believe that if I have this information, precisely (not generally), then I can make an informed decision as to how much I actually need.
Comment by Leslie Hocker — October 6, 2021 @ 6:54 pm