Though YouTube I saw a video Griffin Notary Services stating if you increase your E & O insurance from the minimum you will see more jobs with higher pay come your way. Is there any truth to that rumor. I do know that Fidelity requires you to have $100,000.
When I got into become a Notary Signing Agent, I did not want to get so invested until I did a couple. Now after I did, I really enjoy it. I can see a bright future in it. By just starting out met a lot of great people too.
I don’t think it makes any difference here in southwest Michigan. I accidentally bought a higher policy last year and dropped it down this year - zero difference.
Fidelity only requires $100,000 E&O of its Independent Notary Contractors, not of its far more extensive base of subcontractor notaries.
If you received your Fidelity approval through a signing service, you are a subcontractor and need only the standard $25,000.
If you underwent the far more extensive approval process through Fidelity itself, then you carry the required $100,000.
I carry the higher amount, my partner the lesser. I have never noticed that it made any difference in order volumes outside of the added 4 or 5 more a month I get from directly from Fidelity.
