Protection against E&O is more important than ever because lawsuits against notaries are becoming more common each day. Make sure this doesn't happen to you!
Employer's Blanket E&O Insurance protect groups of notaries at your business from claims if your client holds them responsible for errors. Due to the exclusive acts of the notary they are likely not covered under your company’s commercial general liability policy.
Benefits include no deductible, covers defense costs, protects against E&O, various limits of insurance available at nominal premiums, additional notaries covered automatically under blanket policy and employers covered under blanket policy at no additional charge. NotaryBonding.com offers programs with low rates, fast and easy online applications with an A+ Rated "Superior" carrier (RLI Surety) designed to protect and cover all of your notaries. Example: If you own a business in the State of Washington and have a group of 5 employed notaries it will cost $15.00 per notary annually for a $25,000 employer's blanket E&O policy. A grand total annual premium of $75.00 or just $6.25 per month.
Actual Case: It wasn't the notary’s fault, but it cost him $11,500.00 anyway. It was a routine transaction, and there was no way the notary could have known the signatures were forgeries. But they were. And, in the eyes of the court, the notary was at fault. This time the penalty was $8,000.00 in damages and $3,500.00 in court costs. Unfair? Sure. But, for a notary public in a litigious society like ours, it's just part of the territory. Fortunately, we've got the territory covered. No one can say whether you’ll ever be faced with a situation like the one just described but you can protect yourself with errors & omissions coverage. But, as a notary you are vulnerable. And, with major judgments against notaries now reaching tens of thousands of dollars, it’s important to have someone in your corner should you find yourself faced with a lawsuit.
Simply complete your Employer's Blanket E&O Insurance order form and email, fax or email the order form so we can process your order.
Click the "BUY IT NOW" icon below and then click here to apply for Employer's Blanket E&O Insurance.
