EO insurance is necessary for proper protection against professional liability claims.
Do i need e&o insurance as a notary. A notary errors and omissions insurance policy helps protects you from a Claims made on the bond and b Lawsuits that are brought against you. Of course EO policies will not cover fraudulent acts or intentional errors. Covers gaps in traditional notary E O insurance Keep in mind a notary errors and omissions insurance policy is a must-have coverage if you are a notary.
Yes you can survive as a notary public without it but better safe than sorry became a saying for a reason. Signing agent EO insurance. Different states have different requirements when it comes to notary EO insurance.
The American Association of Notaries offers notary errors and omissions E O Insurance at very reasonable rates to help the notary protect against claims of wrongdoing or negligence and will help pay legal expenses in a court case. What is Notary Errors Omissions Insurance. The cost for a Notary EO coverage can approximately cost.
While most Notaries will never have a claim made against them lawsuits are becoming more common and often are filed months after the notarization in question was performed. According to state laws the notary public has unlimited financial liability if he or she causes the public harm as a result of an error or omission. If you are interested in becoming a remote or electronic notary most states require additional bond coverage and EO insurance.
Surety bond is required in Florida but EO insurance is not required for notaries. Notary Express can help fill any coverage gaps and keep you protected. Types Of Small Business Insurance - Requirements Regulations.
If you do not have a Notary Errors and Omissions EO insurance policy youre on your own. How Much EO Insurance Do I Need. Understand that regular notary publics are not required by law to have EO.