Florida Signing Agents E&O Insurance What is a Signing Agent? An independent contractor hired by a closing agent, broker, lender or other financial party to ensure that all documents provided by the closing agent, broker, lender or other financial party required to close a real estate loan are executed by the borrower(s), duly notarized and returned for further processing as instructed. What is covered under this Florida Signing Agent policy? This limit of liability includes costs and expenses incurred in investigating, defending, or settling liability. Once the limit of liability has been paid, whether by settlement of a claim or claims, or by payment of costs and expenses, the company is relieved of any further duty to defend or indemnify the insured under this policy. The Florida Signing Agent E&O Insurance is a yearly policy. This Signing Agent policy will pay for many of the types of claims that a traditional Notary Public E&O does not cover. Most common errors that are not cover under your traditional Notary Public E&O policy: • Improperly identifying the borrowers. • Lose the title company's paperwork. • Forget to mail the closing check. • Missed initials. • Late return of date-sensitive documents. • Non-notarized signatures. • Incorrect dating documents. • Failure to complete the closing in the time frame specified. • Mail something to the wrong bank, etc. This is a claims-made and reported policy, which means it is an insurance policy that provides coverage only if a claim is for covered acts made and reported during the policy period. Since this is a claims-made policy an Extended Reported Period (ERP) endorsement is available for 1, 2 or 3 years to take effect subsequent to the date of the policy’s cancellation or termination.