Notary errors and omissions insurance

Errors & Omissions Insurance FAQ

notary errors and omissions insurance

The Difference between General Liability Insurance and Errors and Omissions Insurance

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For over 4 Million Notaries in America, their seals and stamps are a solemn tool to be used with great integrity National Notary Association, Notaries are generally viewed as trustworthy individuals handling the most important documents with the entire purpose to serve as an impartial witness. On any given day a Notary Public may validate the most vital records including mortgages, deeds, wills, and power of attorney. If you were making a mistake in your Notary role, how do you plan to correct the mistake and make the customer whole again? Do you want to protect yourself from unwanted -legal expenses and lawsuits? The Notary Bond is essentially like a line of credit. The Surety Bond Company will pay the customer the maximum amount requested and allowed under the Bond terms.

Your Cookies are Disabled! By using this site, you accept the terms of our cookie policy. Learn more. In many states, every Notary is required by law to purchase a Notary surety bond, which is designed to protect the public from financial harm that results in any negligent mistake or intentional misconduct committed by a Notary while performing a notarization. You could also be held personally responsible for any additional costs above the amount of your bond, which might include court costs, legal fees and other expenses. You alone are responsible for every notarization you perform. And it requires no deductible and no repayment of losses.

We all make mistakes, due to fatigue, distraction and being over-worked. Unfortunately, when you make a mistake as a notary, you are dealing with important and sensitive documents. Even an unintentional error can cost you a lot of money. You don't want to put your personal or business assets at risk, which is why notary insurance may be a smart investment. Notary insurance primarily consists of an errors and omissions policy that protects you if a client experiences a loss or injury due to your negligence, misinformation or other errors.

Frequently Asked Questions regarding Errors & Omissions Insurance.
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Your Cookies are Disabled! By using this site, you accept the terms of our cookie policy. Learn more. What is Notary Errors and Omissions Insurance? Why should I have Errors and Omissions Insurance? I have a Notary Bond. Doesn't that protect me?

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Whats the Difference? Notary Bond vs Errors and Omissions Insurance What You Need to Know

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1 thoughts on “Notary errors and omissions insurance

  1. You constantly hear notary companies pushing E&O insurance, but is this like the membership deals? Do I need to do more research into different ones, and can.

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