Many people are shocked when they see that they must purchase a 500 1000 5000 or 10000 notary bond.
How much e&o insurance does a notary need. It will depend on how much work you do in a year how many clients you see and what type of documents you are notarizing. Work with your insurance agent to determine what the limit on your policy should be. Please note that many LendersFinancial Institutions have minimum limit requirements of 5000001000000 for real estate professionals who do work for them.
Surety Bonds The state of California requires notaries to purchase a 15000 bond in order to protect the public financially. You dont have to repay the insurers. Anuncio Why Go Elsewhere.
Even if a claim is groundless. Purchase Notary EO Insurance How much does a notary bond cost. There are three kinds of errors and omissions coverage that you want to be aware of.
Check out results for Eo insurance. It is entirely up to you. The good news is that the premium amount is a fraction of the face-value bond amount.
Regular notary E O insurance. The average price of a standard 10000002000000 General Liability Insurance policy for small notaries ranges from 27 to 39 per month based on location size payroll sales and experience. Get Insurance Quotes From AUs Leading Brands in Mins.
Insurance does NOT provide coverage for events that took place prior to the inception date of the policy. Errors and omissions insurance EO for short protects you. What Type Of Insurance Do Notary Publics Need.