Any recommendations for E&O insurance companies for $100,000 to $500,000 in coverage?
@shawnadc Excellent question! By any chance did you Search the immediately available information found within the Notary Cafe database on this topic?
This information is a GOLDMINE!
Most members express that they find it difficult/NEARLY IMPOSSIBLE to locate the Search Function in order to access the wealth of information available within the database.
To be helpful, Iāve inserted an image for you & others [see below] to help members locate it to unlock the wisdom & knowledge of other members on the forums.
Iāve performed a cursory Search on your behalf and the results show more than 50+ separate threads (in addition to yours) about this particular topic. There is a plethora of data immediately available on the threads within Notary Cafe.
https://forum.notarycafe.com/search?q=E%26O
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Accessing the database to locate information about potential clients has saved many of us an inordinate amount of time āchasingā payments for Services professionally provided to potential non-payers . . .
Hope you find the info you need.
I will say, as I understand it, there is a difference between being insured for NOTARIAL ACTS and then having additional coverage for other things ārelatedā to the singing. Like not making the drop in time/losing the packet etc. Those are not direct notarial acts and would not be covered by most basic E and O policies. That would be Professional Liability Insurance.
I am NOT an expert so please take this with a grain of salt.
I personally have a policy with BiBerk and they cover BOTH, but I think there policy is a little more pricey than say the NNA which is just a basic E and O policy. Iām also covered for $1M as the price difference really wasnāt much more.
Excellent info, Iāve never heard of bibek, will check them out !
I also carry a 1 million E&O through BiBerk.
Thank You for the information.
Being a new notary and not yet getting consistent clients just yet. hope to get the clients coming. However, with that Iām hesitant on spending too much money on insurance and Iām not making money just yet so, I just got the lowest coverage I could for time being.
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