If the surety company makes a payment on your claim you are required to pay them back.

Where to purchase e&o insurance. Errors and omissions insurance also known as EO insurance and professional liability insurance helps protect you from lawsuits claiming you made a mistake in your professional services. Find Eo insurance here. Insurance Agent EO starts at 2742month.

Errors and omissions insurance EO is a type of professional liability insurance that protects a business from customer claims of negligence or inadequate work related to the professional advice and services they provide. If the notary has to pay a claim and the bond is used the money will have to be reimbursed by the notary as required by law. Normally the bond is between 500 and 15000.

Business liability insurance covers losses related to bodily injury property damage or. Heres a list of insurance companies that dont require EO to sell their products which could be helpful for agents who are having a tough time finding affordable EO insurance for some of the reasons we discussed above. Contact your insurance company and begin the process of getting insurance.

Important Information for the Real Estate and Insurance Industries. An EO policy can cover legal fees and settlement costs associated with these claims even if a mistake wasnt made. The Notary bond protects the public.

Royal Neighbors of America. Click Bind Print Your EO Insurance Policy in 5 Minutes. Once you find the right policy for your small business you.

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