It reduces your risk of being held liable for any financial loss or potential lawsuits that can result from mistakes that occur on your behalf.

Does a notary need e&o insurance. But as a notary loan signing agent its an absolute must. Anuncio Comparing through us is 100 free of charge. Anuncio Comparing through us is 100 free of charge.

Most importantly however is that your potential clients will feel more at ease working with you when they know you carry EO insurance as it tells them that if you make a mistake you have the means to reimburse them for it. Different states have different requirements when it comes to notary EO insurance. EO Insurance protects you.

The surety bond most states require Notaries to buy is designed to protect consumers not the Notary. A Notary Public is to buy Errors Omissions EO Liability Insurance. But you need to understand the facts before you do so.

Furthermore when you have a claim on your bond you the notary public must reimburse the amount. However as discussed above you should still obtain an EO insurance policy to protect yourself and your business as a notary. 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.

How Much Notary EO Insurance do I Need. Fortunately for an individual notary not a notary signing agency the cost of 1000000 of notary EO insurance is actually very affordable. Surety bond is required in Florida but EO insurance is not required for notaries.

Understand that regular notary publics are not required by law to have EO. 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. The Notary bond protects the public.