$100,000 Notary E & O

What is Notary E&O Insurance?

This is a professional insurance policy that protects notaries public from financial losses due to mistakes made while performing notarial acts. Unlike a surety bond (which protects the public), E&O insurance protects you, the notary, from the costs of claims and lawsuits. The $100,000 represents the maximum amount the policy will pay for a covered claim.

Who Needs This Insurance and Why?

This insurance is highly recommended for every commissioned Notary Public.

Who: All notaries public who perform notarizations for the public.

Why: Even careful notaries can make mistakes, and those errors can lead to expensive lawsuits. This insurance provides crucial financial protection for your personal assets up to $100,000 per claim.

Key Coverage Details

This $100,000 Notary E&O insurance policy provides:

Coverage Amount: $100,000 per claim

Crucial Difference from Bonds: This is insurance that protects you. If a claim is paid, you do not have to repay the insurance company (subject to policy terms and conditions).

What Does This Insurance Protect Against?

This insurance covers financial losses resulting from notarial errors, including:

• Improper identification of signers
• Failure to properly complete notarial certificates
• Missing journal entries or incomplete records
• Notarizing without the signer present
• Administrative errors in the notarization process
• Legal defense costs for covered claims
• Negligence in performing notarial duties
• Inadvertent violations of notary laws

Why This Insurance Matters

This protection serves vital purposes for notaries:

For Notaries: Protects your personal savings, home, and other assets from lawsuits arising from unintentional mistakes, covering up to $100,000 in damages and legal costs.

For Your Business: Allows you to perform notarial duties with confidence, knowing you have financial protection against errors.

For Clients: Provides assurance that you’re a professional who takes your responsibilities seriously and has proper coverage.

For Your Peace of Mind: Even small notarial errors can lead to significant financial consequences for document transactions.

Remember: While a notary bond is often required by law to protect the public, E&O insurance is the protection that actually protects you and your personal finances from the high costs of legal claims up to your $100,000 coverage limit.