Pennsylvania Liability Protection for Notaries

Errors and omissions insurance (or E&O for short) is a form of professional liability coverage for notaries. This kind of protection can help guard against repaying your notary bond or out-of-pocket legal defense fees.

This type of policy helps guard against:

• Signature and seal forgery
• Unintentional mistakes
• Settlement and legal expenses

If you are found liable for financial harm, defending yourself from a legal filing against your note can be costly. Can you afford a lawsuit? Do your notary business a favor and learn more about these kinds of policies, how they work and how to get one.

This Insurance Protects You and Your Business

An E&O policy protects you, the notary, from professional liability. Policies help pay for expenses that can occur after making a notarial omission or error. Settlements, attorney fees, judgments and court costs are all covered. Protection starts after you pay a one-time premium. The exact coverage amount depends on the policy's limit.

For example:

A former client claims that you notarized something incorrectly and files a judgment against your bond. You cooperate with a lawyer to settle the claim out of court. Your surety company pays the claimant $10,000. If your surety agreement is like most, you must repay that amount. Your lawyer also charges $5,000 for legal services.

Without an E&O policy for notarization errors, you would have to pay $15,000 out of your own pocket. However, with a $25,000 policy, the surety bond payback and legal fees are covered.