Can you afford a lawsuit because you made an innocent notarial mistake?
Notary Public Errors and Omissions Insurance is protection for the notary when a mistake is made fulfilling the notarial role - a mistake that causes your customer to suffer financial loss. It protects you if you are ever sued for your actions. Even if you never make a mistake, there is always a possibility that you may be falsely accused of wrongdoing.
Note: PAN's Notary Public E&O insurance is only available to members. If you are already a commissioned notary and are interested in joining PAN, click here.
| What is Errors and Omissions Insurance? |
E&O protects you when you make a mistake that causes your client to suffer financial loss. |
| Doesn't my bond protect me? |
No! It is a common misconception that your bond protects you. Your bond protects your customers. If your bonding company has to make a payment on your claim, you are required to pay them back. With PAN's E&O Policy, we pay your claim from the start. There is no deductible on this policy. |
| How does E&O Insurance protect me better than a bond? |
E&O Insurance provides primary protection. PAN's E&O Insurance pays your claim first - before your bond. You are not required to pay the insurance company back. |
| Doesn't my employer protect me? |
No! Notaries are individually responsible for all of their actions. Even if you only notarize at work, you are responsible. |
| Can I protect my employer against my mistakes? |
Yes. Your employer will also be insured under PAN's E&O Policy at no additional charge. |
| If I am sued, will PAN find and pay for an attorney? |
Yes, subject to policy conditions and regardless the outcome of your case. |
PAN offers its members three levels of coverage:
| Policy Amount |
Coverage |
Cost |
| $30,000 |
$30,000 for the claim and an additional $15,000 for legal fees |
$48 for four years or $1.00/month for the remainder of your commission |
| $50,000 |
$50,000 for the claim and an additional $25,000 for legal fees |
$60 for four years or $1.25/month for the remainder of your commission |
| $100,000 |
Up to $100,000 to cover both the claim and legal fees |
$360 for four years or $7.50/month for the remainder of your commission |
If you are in the process of becoming a notary or are renewing your commission, you may add any one of the E&O policies to your package.
If you are in the middle of your term, you can still benefit from coverage of PAN's Notary Public E&O Insurance. Simply multiply the rate of the policy of your choice by the remaining months of your commission and order today! |