Errors and Omissions Insurance and General Liability Insurance for Notaries
The notary is an integral part of the real estate transaction. Notaries after often seeking two types of insurance but only focus on searching for errors and omission insurance (professional liability insurance) also known as E&O insurance. With the new online purchase option for individual notaries, you can now purchase both general liability and E&O insurance as a notary together on a single policy for one low price.
Professional Liability (E & O) Insurance or Notaries
This type of insurance is probably the most common request that we see for 2 reasons:
- Notaries are often concerned about making an error or mistake that can result in a financial loss to a customer.
- Many lenders and escrow companies request proof of insurance.
The online quote includes $1,000,000 of professional liability insurance and $1,000,000 of general liability insurance.
General Liability for Notaries
General liability is intended to protect a business from claims for acidental bodily injury or property damage to a third party. One of the most common examples of this type of claim is a slip-and-fall claim. We are seeing more request for this type of insurance as some lenders and escrow companies are now requiring this.
With the online purchase feature, you can obtain instand proof of insurance.
Notary Signing agencies can request a quote on the website as well, but instant online purchase is not yet available if you run a signing agency.
Coverage is avaialble for purchase in most states, go to the website to learn more. Options vary by location.