Notary Public Underwriters Blog
The Truth About Notary E&O Insurance
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- Published: October 22, 2014
You often hear notary bond companies recommending Errors & Omissions (E&O) insurance. But is it required by law? Can you work without it? And why are there different policy limits?
Errors & Omissions Insurance (E&O) isn’t just another add-on product—it’s just as important as your notary bond. Technically, you can get by without it, but the saying “better safe than sorry” exists for a reason.
Did you know the notary bond your state requires* you to purchase when you become a notary only protects the public? You are a public official, and therefore, the public is entitled to protection against any mistakes or wrongdoings that may happen during your office. Furthermore, when a claim is filed against your bond, you—the notary—are required to reimburse up to the full bond amount.
That’s where E&O insurance comes in. Unlike a bond, E&O insurance protects you, the notary. It doesn’t require repayment, and there’s no deductible.
The truth is, mistakes can happen—even to the most careful notaries. You handle sensitive and important documents, and it’s your job to ensure they’re executed correctly. Unfortunately, unintentional errors have caused many notaries serious financial strain. E&O insurance provides a safety net, covering you up to the amount of your chosen policy.
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* Please Note: Some states do not require a notary bond. Always check your state’s notary requirements for full details.
For example, if you purchase a $25,000 E&O policy, it will cover attorney fees, settlements, and court costs up to $25,000. That coverage could mean the difference between coming through a claim financially unscathed—or being financially devastated.
Depending on your state, the cost is surprisingly affordable. In Alabama, for instance, a $25,000 policy is only about $80 for a four-year term. That breaks down to just $20 per year—or around five cents a day—for peace of mind.
You can purchase notary E&O insurance from most licensed insurance agents, but be sure to read the entire policy carefully, as premiums and details vary by state and provider. Policies are generally available at affordable rates, with limits ranging from $10,000 up to $100,000.
Protect yourself with E&O insurance so you can perform your notarial duties with confidence!