The notary public bond only protects the public.
With the increase in notarial lawsuits, even the smallest mistake can be very costly.
For example:
-
A notary was accused of improperly notarizing a power of attorney with a forged signature, which was then used to illegally withdraw funds from brokerage and savings accounts. The notary was sued and the insurer defended, paying the policy limit.
-
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. The claim was settled for the limit of the policy.
Protect your business and your reputation with Notary Public Errors and Omissions Insurance.
The notaries in the previous examples were protected by Notary Public Errors and Omissions Insurance. Their losses were covered and Insurer was there to help pay for the damages and legal cost.
Can you afford a lawsuit because you made an innocent mistake?
Notary Public Errors and Omissions Insurance safeguards you against costly and time-consuming lawsuits. Even if the basis of the suit is without merit, you could still face a costly legal bill for defending yourself. If you are uninsured, you'll pay those defense costs out of your own pocket, win or lose.
Notary Public Errors and Omissions Insurance is available for the individual notary public or Group/Blanket coverage that protects the notaries while employed by the company and the company at no additional charge.
Compare Notary E&O & Signing Agent E&O Coverage
| Feature | Individual Notary E&O | Group/Employer Notary E&O | Signing Agent E&O |
|---|---|---|---|
| Covers Official Notarial Acts |
✓
|
✓
|
✓
|
| Covers Negligent Notarial Errors & Omissions |
✓
|
✓
|
✓
|
| Covers Incorrect Acknowledgments |
✓
|
✓
|
✓
|
| Covers Jurat & Oath Errors |
✓
|
✓
|
✓
|
| Covers Clerical Notary Mistakes |
✓
|
✓
|
✓
|
| Defense Costs Included Within Policy Limits |
✓
|
✓
|
✓
|
| Coverage for Employee Notaries |
Individual Coverage
|
Employer-Sponsored Coverage
|
X
|
| Employer Named as Additional Insured |
X
|
✓
|
X
|
| Covers Loan Signing Activities |
X
|
X
|
✓
|
| Covers Signing Agent Services |
X
|
X
|
✓
|
| Covers Document Execution Errors During Loan Closings |
X
|
X
|
✓
|
| Covers Administrative Signing Errors |
X
|
X
|
✓
|
| Covers Missed Signatures on Loan Documents |
X
|
X
|
May Be Covered
|
| Covers Missing Initials on Loan Documents |
X
|
X
|
May Be Covered
|
| Designed for Mortgage Closings |
X
|
X
|
✓
|
| Best For |
Independent Notaries
|
Employee Notaries
|
Loan Signing Agents
|