Insurance and Risk Management

Risk is inherent to any business, but in the financial world a deficiency in any area of risk management can have grave implications to the affected party. We conduct a quarterly risk assessment to evaluate all aspects of our business for potential exposures and liabilities, and implement strategies, processes, and technology to minimize or eliminate risk.

Insurance is one way that we seek to protect our business and our clients from potential risk.

   Professional Liability and Errors and Omissions Insurance

Did you know most signing agents carry an E&O policy varying in coverage from $25,000 to $500,000? While this offers adequate protection for most notarial errors and omissions, we take protecting our clients a step further.

Clients using the SYNC platform have the ability to set minimum Notary Errors & Omissions coverage for their signings.

For signings managed by Signature Closers, we maintain a $5,000,000 aggregate / $5,000,000 per occurrence Professional Liability and Errors and Omissions policy. Our policy incorporates all aspects of the duties of a signing agent during the course of a closing which provides significantly more protection for our clients and the policy is endorsed to cover all signing agents in the Signature Closers Network.

   Cyber Liability Insurance

We maintain a comprehensive Cyber Liability policy that provides up to $1,000,000 of protection in the event of a data breach. The policy provides notification and credit monitoring for affected parties, reimbursement of forensic analysis to determine the cause of a breach, assistance with payments if secure information is held as ransom, and much more. Although many of our competitors don’t offer this protection, we believe it is imperative to carry this policy for the protection of our clients and their consumers.

   General Liability Insurance

We maintain a $1,000,000 aggregate and $1,000,000 per occurrence commercial general liability policy to protect against general business-related risks.

   Crime / Fidelity Insurance

We maintain a $3,000,000 aggregate / $1,000,000 per occurrence criminal activity and fidelity insurance policy to provide protection against fraud, embezzlement, and other unscrupulous criminal behaviors.