Hi cNsa5 ~ your latest comment (3d) is spot on. Retired from my day job 2015 after working 15 years Contracts and Risk Management for a global company. Worked with 65 underwriters (including Lloyds of London) and received information and instruction from Brown & Brown Insurance and Western Surety based in Seattle. Important to know financial risk and exposure. Western Surety maintains my Bond and E&O relationship for 30 years. Item not commonly discussed in business world is digital and electronic insurance. Policy added last 5 years of my day job and turned out to be real life saver after company was hacked. My opinion and bottom line is know your market and your risk and let that be your determination for insurance. When I have questions, I speak with a nice human at Western Surety.
I agree. When I raise my E&O to $100K I also got an increase in signing offers.
Agreed. I get “occasional” orders from them
@leanoragnotarysigning
Yes, volume from that business entity is definitively lackluster - although, it may be different in other regions across the US.
Always a good idea to consider requests (especially if they involve any financial expense) from the paradigm of a business owner. Review this Notary Cafe thread for more information.
Once the business entity identifies the anticipated volume within your region, making a financial determination of whether (or not ) it would be worth it to your business to increase the expense of your E&O insurance coverage limits.
From that point, it’s elementary to calculate your Return On Investment [ROI] and then, the decision is an easy one . . .
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