Errors and Omissions Insurance (click here)
Jersey Errors and Omissions Insurance (click here)
Errors and Omissions insurance provides protection
in the event that you commit a negligent act or make an error or omission
while acting as a notary if the error or omission causes a loss to a
Errors and Omissions insurance protects you up to
the amount of the policy. Most policies also provide you with legal
defense at no additional cost.
Your notary bond does not protect you; it protects
your customers. When a bonding company pays for a loss on a notary bond
it has the legal right to recover the loss from you.
Errors and Omissions insurance protects you and there
is no reimbursement to the insurance company from you.
Even simple oversights, such as a failure to affix
your notary seal or to properly identify the customer could subject
you to be personally liable for losses.
Even if the claim isnít valid, you could still face
court costs and attorneys fees for defending yourself. Without Errors
and Omissions insurance these losses would come out of your pocket.
Notary Bonds Protect The Public.
Notary Errors and Omissions Insurance Protects You!
Notarial lawsuits are becoming more common every day.
And even the smallest mistake can be very costly. Your notary bond protects
the public. But it doesn't protect you.
The attorney for the insured's employer, a bank, gave notice of a lawsuit
in which the plaintiff's signature was allegedly forged on a deed. The
plaintiff sought cancellation of the deed. The insurer paid $25,000,
the full limit of the policy.
Claimants loaned $15,000 to a married couple. The
couple went through a divorce, and it was proven that the acknowledged
signature of the wife on a deed of trust was a forgery. The insurer
paid a $9,900 settlement on this policy and incurred attorney fees of
A lawsuit was brought against a notary covered by
a group policy issued to her employer, a title company. The plaintiffs
alleged that the notary negligently acknowledged forged signatures on
an indemnity agreement. A claim of $15,000 was paid.
Fortunately, They Had Notary Public Errors And
Because Notary Public Errors and Omissions Insurance
protected the notaries in these examples, their losses were covered.
And the Surety Company was there to help pay for the damages and legal
Can you afford a lawsuit because you made an innocent
mistake and were an easy target for someone trying to recover losses?
Notary Public Errors and Omissions Insurance safeguards you against
costly and time-consuming lawsuits. Even if the suit is not valid, you
could still be faced with a legal bill for defending yourself. If you
aren't insured, you'll pay those defense costs out of your own pocket,
win or lose.
Coverage of defense costs, subject to policy provisions
protection against errors and omissions employers covered under group
policy at no additional charge additional notaries covered automatically
under group policy during the annual policy period.