Notary Public Underwriters Blog
Importance of Notary Public Errors & Omissions Insurance
- Details
- Published: September 21, 2011
Can you afford a costly lawsuit because you made a small mistake during a notarization? Lawsuits involving notaries are becoming more and more prevalent. Even if the suit is not valid, you may still face an expensive legal bill for defending yourself. Notary Public Errors & Omissions insurance safeguards you against potentially costly and time-consuming lawsuits. Consider these actual cases:
- A property owner and a bank sued a notary public. She did nothing wrong, but was deceived by identity thieves. The notary public chose to pay to settle both lawsuits rather than endure prolonged litigation. Notary Public Errors & Omissions Insurance would have protected her.
- A notary public witnessed the signature of a minor on a deed transfer, using a passport as identification. When the parents divorced, the notary public was sued on behalf of the child by her legal guardian. Because the notary had an Errors & Omissions policy, she avoided substantial legal fees.
- In a real estate transaction, a notary public witnessed signatures that later proved to be forgeries. Even though she was acting on instructions from her boss, the notary was held liable for $5,000 in damages.
For pennies a day you can be covered against financial loss. Don’t go unprotected. Notary Public Underwriters offers various levels of coverage to best fit your needs. To purchase Notary Public Errors & Omissions Insurance, visit us online at www.npuonline.com. Notary Public Errors & Omissions is not available in all states. Please select your state on npuonline.com to determine if E&O Insurance is offered in your state.
