Notary Association First to Offer Signing Agent Insurance

[webmaster]

The Pennsylvania Association of Notaries (PAN) is the first state association to offer Signing Agent Errors and Omissions (E&O) Insurance. PAN teamed with a major “A” rated national insurance company to develop and now provide this unique product.

Signing Agent E&O Insurance provides coverage for innocent mistakes made by notaries who work in the mortgage industry as signing agents. The profession was created when people started going to the Internet for their mortgages instead of the neighborhood bank and needed to have their mortgage documents signed locally. Thousands of Pennsylvanians have joined this relatively new profession to fill this need.

“Lawsuits against signing agents are becoming more common,” said Tod Aronson, president of E. R. Munro and Company, an insurance and bond agency based in Pittsburgh. “A signing agent could be completely innocent of any misconduct but still be responsible for all legal expenses in a lawsuit. Signing Agent E&O Insurance pays those expenses. It’s like malpractice insurance for signing agents.”

Aronson also noted that Signing Agent E&O Insurance differs from Notary E&O Insurance which only covers the actual notarizing done in a mortgage or refinance closing.

Headquartered in Pittsburgh, PAN has been dedicated to the Pennsylvania notary since 1955 and is the nation's oldest notary association. For more information on Signing Agent E&O Insurance, visit the Web site at: http://www.notary.org or call 800-944-8790.

Learn more about Signing Agent E&O Insurance

[pyroprofession]

As an agent who has completed numerous singings, what type of law suits have been filed against signing agents? and what were the reasons they came about?
I would like to hear some actual cases, know what was claimed to be incorrect, see if and when the problems were resolved. And if it was nor resolved, what were the outcoms.

[elodiex]

How can I go about starting and Insurance Company that covers legal represention not just advice?
I am interested in starting some type of insurance company for pre-paid legal representation. There are plenty of pre-paid legal services / insurance companies that assist in giving Leal advice but none that actually provide legal representation in court proceedings. A lot of these prepaid legal services / insurance companies that assist in giving Leal advice give a discount on legal representation but is not an actual plan for that reason. How can I start a company or a program that provides this? I want it to work like a health insurance plan instead of having network of doctors there would be a network of lawyers that are broken down into categories, such as family lawyers, divorce lawyers, criminal, person injury lawyers, ect. I would create plans that insurer's could choose from based on there on personal legal needs and wants. How could I do this? I am in Virginia.