/ BLOG

Do notaries public need E&O insurance to operate in Texas

Nov 19, 2020 · 3 minutes to read

A paper stamp on a table

Notaries public in the state of Texas need mainly two types of insurance. They don’t just require a surety bond that has to be signed with the state. They also require E&O insurance also known as Professional Liability Insurance.

These are to safeguard against human error that catches up with us from time to time. Notaries deal with authentication and authorization most of all. If they make a mistake, it could be much more damaging than the average slip up. Hence, these two insurances, either for the client or for the notary, are highly recommended

E&O Insurance in Texas

The most careful of notaries can be sued for errors, whether intentional or not. Notary Errors and Omissions Insurance is an extremely important tool which protects notaries in Texas. It can help with costly lawsuits up to the policy limit, as well as settlements out of court.

What is the Importance of E&O Insurance?

Sometimes slip ups and negligence are inevitable, the E&O insurance is there  to protect notary public from these risks. Since the insurance is also quite affordable, it’s a very reasonable alternative to paying for the damages yourself.

Bonds don’t protect you however. They’re there for the protection of the public. Since notaries are required to maintain the bond themselves.

While there is no legal requirement that you get errors and omissions insurance in Texas, it’s in your best interest. Buy it to be safe even on the worst of days. Think about this; lots of insurances aren’t required by law. These include health insurance or house insurance.

Losses Covered by E&O Insurance

This insurance covers the costs of any claim, lawsuit, or settlement that are brought against you. Of course, this is in the case of unintentional errors. Damages will be paid out to the party that has been financially damaged.

Settlements and judgments will be paid to the party whether settled out of court or through a judgment. However, attorney’s fees, court costs, and defense costs are also covered by the policy. If the claim isn’t valid, then you can still be faced with court costs. Hence, you need this insurance no matter what.

Surety Bond

Notaries Public have the authority to legally witness as well as authenticate a person’s identity. They can also certify signing certain documentation. They can also take affidavits and depositions as well as statutory declarations. They can administer oaths and affirmations since it is allowed by the State of Texas.

Since they are fraud deterrents, a notary is trusted by the people to do just that. So, if they make mistakes and cost their clients potentially thousands of dollars, there has to a fallback. Hence, a $10,000 surety bond is signed by each notary with the State of Texas. This lasts for a term of 10 years and protects the public from any misconduct.

What is a Notary Bond for?

Know that the Surety bond you purchase is purchased for the public. It is an assurance that any error that you make doesn’t irrevocably harm the public in any way. It’s not a judgment on your skill or your ability; it’s just a precaution. Human error, as we’ve seen throughout history, is bound to catch up with even the most skilled professional.

Hence a bond doesn’t qualify as insurance protection for you. Unintentional mistakes, negligent omissions, and human errors are unfortunately part of the business. Insurance is something that protects you, however.

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Very easy and affordable!
Volanda H.
1711024298
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant.
Larry (.
1710956598
Responsive and professionalCompetitive price. I highly recommend Bizlnsure as an insurance provider
Zynab B.
1710433556
Your service is easy to renew as needed and your company informs the client in advance for renewal.
Henry B.
1710352389
It has been a pleasure doing business with Biz Insure Llc.Their representatives are very courteous, helpful and customer service oriented.
Shonta I.
1710297732
Quick and easy....
Tammy K.
1710172643
I follow the instructions & would prefer to paid every month. I did not have the options to pay every month.
Alamo H.
1709935830
Thank you, Amy, for making my experience enjoyable and funny. Thank you so much for your kindness!!!
George J.
1709840615
I'm pleased with the business quote I received from Bizinsure LLC. Thank You!
Shanda J.
1709586997
Very satisfied with the online experience
Nicole h
1709238653
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
jodi H.
1709226367
Love it
Hanna R.
1708272180
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
Calandra K.
1708044666
The agent was quick and efficient in generating a quote for my needs.
Theresa F.
1707895796
I enjoy working BizInsure they always answer all my questions and make sure i have the correct coverage for my business.
Prompt and professional service from Biz Insure. Thanks Leslie and Liza!
Bev G.
1707524454
Very easy to sign up for insurance.
Great company
Brown G.
1706896003
Fast and efficient!
Kim C.
1706746693
عالی
alireza J.
1706727364
It was great being able to get a policy that suits my company's need in less than 30 minutes. They were vey thorough. Very competitively priced.
Lynette C.
1706621476
I worked with Andrea for another start up business. She was very knowledgeable and help me pick the correct policy. Amazed at how quickly the process went.
Representative was very kind, helpful, and educated me well. I appreciated today's prompt service with confirmation that I was satisfied with what was provided to me.
Tina P.
1706224051
Great company for.your low cost business insurance needs.
constantin T.
1706156911
Staff was very fessional and friendly. I was able to get a quote and move forward within 20 minutes.
Pebbles S.
1706126428
Wonderful
Complete C.
1705788054
MUY BUENO
Super easy process.
Ashley G.
1704830227
It’s very easy to understand and at a very reasonable price.
Mary M.
1703780096
Professionalism, Quality, Responsive and budget friendly
B D
1703029371
Great rates, easy to understand and select appropriate coverage, can get in a jiffy
Brie C.
1702775397
I have been a customer of BizInsure for a few years now and I love it. There customer service is awesome and the prices are affordable.
Danyale W.
1702132165
Quick easy experience! The rep was knowledgeable & pleasant. Customer care was awesome to respond and clarify my concerns.
Kathy Ann A.
1702059151
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
1701380391
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Terry
1701319042
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
1700848536
Always and easy process. Thanks!
Gerald S.
1700244544
js_loader
Google Rating
4.7
Based on 255 reviews
×
js_loader