Errors and omissions insurance EO for short protects you.

How much e&o insurance does a notary need. 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. Surety Bonds The state of California requires notaries to purchase a 15000 bond in order to protect the public financially.

High-limit notary E O insurance. Not only will EO Insurance pay out damages to an injured party after a court verdict or out-of-court settlement but it will also pay your attorneys costs court costs and other defense costs up to your policy limit. However in general an EO policy covering up to 25000 or 50000 is common.

Pays claims if you are found at fault up to the policy limit. 1000000 of Notary EO Insurance is becoming more common It is not uncommon to see 1000000 of EO insurance or errors and omissions insurance be required for contracts with escrow companies title companies and notary signing agencies. The good news is that the premium amount is a fraction of the face-value bond amount.

Anuncio Why Go Elsewhere. Covers up to 2 million. You can have limits anywhere from 10000 to.

It is entirely up to you. Covers up to 100000. Please note that many LendersFinancial Institutions have minimum limit requirements of 5000001000000 for real estate professionals who do work for them.

Fortunately for an individual notary not a notary signing agency the cost of 1000000 of notary EO insurance is actually very affordable. 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. Check out results for Eo insurance.