How Much Does Notary Public Insurance Cost?

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How Much Does Notary Public Insurance Cost?

Whether you’re running your own Notary Public business or you’re working for a certified employer, you’re likely to need Notary Public insurance. Although Notary Public insurance is an additional expense, it’s one of the smartest expenses you can pay for.

Regardless of your financial situation, an extra expense is always something that needs to be heavily considered, though not required by law, Notary Public insurance is one of the wisest business decisions you can make for yourself and for your Notary Public career.

At BizInsure, we care about giving you all the facts you need to make an informed, intelligent decision for you and for your business. That’s why we’ve taken the time to explain Notary Public insurance thoroughly with you in order to help you better understand what it is, why you might need it, and what it may cost you.

We’ve included some of the basic information on Notary Public Liability Insurance here to help answer your notary public insurance questions.

What is Notary Public Liability Insurance?

Maybe you’re not entirely sure what Notary Public Liability Insurance is, and that’s reasonable, as it doesn’t always come with the territory of just being a Notary Public. On top of all of the responsibilities that go hand-in-hand with working as a Notary Public, it’s not uncommon for Notary Public Liability Insurance to slip through the cracks.

Often called Professional Liability insurance, or Errors and Omissions (E&O) insurance, this type of insurance is critical for any Notary Public, or anyone who is providing advice or instruction to other people. This type of policy helps to protect you from legal persecution if you’re a coach, training professional, or other types of advice-giver. You’re shielded from damages related to your services, your actions, or your recommendations.

This type of policy can extend to cover employees and independent contractors from legitimate accusations, but also from allegations of failure to perform, bad advice, negligence, or other risks that go hand-in-hand with the nature of the business.

Why Do I Need Notary Public Liability Insurance?

If you are under the impression that because you work for a company or an employer you’re automatically covered, you may want to check again.

Regardless of who you’re working for or with, odds are, if you don’t have Notary Public Liability insurance or E&O, you’re going to need it – even if you never have an actual claim filed against you.

Consider a situation in which you’ve been accused of negligence or misrepresentation. It may be an unrealistic claim that’s not true, but that doesn’t change the fact that the claim needs to be investigated. Litigation is expensive. It deflates your resources, your time, and even your reputation. This is where Professional Liability insurance can protect you, and your reputation, from taking a serious beating and from financial damages that might be much too hard to bounce back from.

Notary Publics insurance is there to provide financial protection for:

  • Legal costs and expenses like attorney fees
  • The costs and expenses related to settlement, judgement and other unexpected expenses

There are few common misconceptions which Notary Publics are often faced with, starting with thinking that notary bonds will protect them. These state-required bonds help, but they definitely don’t provide the cover and protection like that of a Notary Public Liability insurance policy does (mostly because you have to pay them back). Other common misconceptions are things like Notary Publics can’t be held personally or financially responsible and that alleged claims don’t matter

How Much Does It Really Cost?

Now that you understand why you need insurance, what it is, and how it can benefit you, the value of protecting yourself and your business starts to become one smart investment.

While we can’t sit here and give you the exact cost will be for your policy (that’s why we have agents to help tailor your quote to you), we can give you a few factors that are going to affect the cost of your insurance quotes.

For starters, we’ll take a look at how big your company is and where your business is located. The number of employees you have, the amount of revenue you’re raking in, these things all play into the risk factor for lawsuit frequency.

We’ll also look at factors such as if you’re running a company and you’re requesting a quote on E&O, we’ll need to understand how you train your employees. Your employees can get you into trouble (another reason to have the insurance protection you need!), so the way they’re trained, their reliability, and their errors in the past are going to impact the cost of your premium.

Other factors we will need to consider include:

Do you have specific quality control procedures?

Have you ever had legal trouble in the past?

What are the odds of your employees (or you) being sued for your work?

All of these things matter when it comes to pricing out your insurance!

There are so many factors to consider when putting a price on insurance, but, on average, we’ve found that the yearly cost of Professional liability insurance for a small business is about $767.24. At a yearly median cost, this is $600. However, about a third of small business owners will pay less than $600 yearly for their professional liability insurance coverage. In fact, about 55.7 per cent of businesses we work with pay less than $51 monthly for their insurance, followed by about 33.4 per cent of businesses who only pay $51 to a max of $100 monthly.

Compare that to a state-required notary bond for a moment (mind you, you’ll have to pay some of this back) coming in at $500, $1,000, $5,000 or even $10,000. That’s quite a bit of money for a fraction of the protection that Notary Liability Insurance can give you.

Get a better understanding as to what a Notary Publics insurance policy may cost you by getting in touch with one of our specialist insurance agents today. The good news? Talking to us is free – you’ll get a free quote from multiple A-rated insurers when you choose to check us out! We provide instant quotes to get you the rates that make the most sense for what you’re all about!

Our Final Thoughts: Why Notary Public Liability Insurance Matters

It’s clear to see after we’ve gone through the details why Notary Public Liability insurance matters. Not only does it protect you from significant costs if you deal with legal issues, but it also protects your financials and your reputation in the long run.

While there are dozens of factors that go into setting a price on your company’s policy, we’ll take a look at the important factors like your individual claim’s history, the individual is covered (are they qualified? Do they have previous claims?), the general size of your business and staff (the more people you have involved, the higher the risk, typically), and your company’s turnover rates.

As we said, on average, our clients are paying about $767.24 yearly for insurance with us. That’s a median cost of about $600. Reach out to BizInsure for your unique, accurate, and reliable quote! It’s free to chat and there’s no obligation to work with us.

Sheree Williams
Sheree Williams
19:39 27 Jul 21
Eugene was Awesome!!!!
Lakesha G
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
Lane
Lane
18:22 22 Jun 21
Jugrid Ombisi
Jugrid Ombisi
16:26 15 Jun 21
Done in less than an hour!
William Opperman
William Opperman
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
Brenda Jones
Brenda Jones
20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
Arik Solberg
Arik Solberg
16:34 10 May 21
Adj Ako
Adj Ako
16:47 05 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba Perez
Elba Perez
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
Casper Martinez
Casper Martinez
19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic Films
Poetic Films
21:00 07 Apr 21
Sandra Darjean-Murphy
Sandra Darjean-Murphy
17:48 31 Mar 21
Jusephine Ghong
Jusephine Ghong
17:58 23 Mar 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin Behm
Franklin Behm
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V Lapierre
Cassiopée V Lapierre
23:13 09 Mar 21
S & S Professional care llc Home Health Agengy
S & S Professional care llc Home Health Agengy
04:15 24 Feb 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie Woodruff
Stephanie Woodruff
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined Perez
Esined Perez
23:32 17 Feb 21
DIVINE FIJIANS HOME CARE SERVICES
DIVINE FIJIANS HOME CARE SERVICES
22:49 05 Jan 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe Wajdula
Joe Wajdula
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa Word
Lisa Word
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda hale
rhonda hale
23:26 12 Nov 20
Owner (LPN)
Owner (LPN)
23:19 06 Nov 20
Cincere Browdy
Cincere Browdy
15:16 29 Oct 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran Sutton
Fran Sutton
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen Day
Aileen Day
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele Harris
Michele Harris
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina Rose
Christina Rose
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy Sloan
Nancy Sloan
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope jones
hope jones
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela Curry
Pamela Curry
16:45 24 Aug 20
Cameron Peek
Cameron Peek
19:25 24 Jul 20
Great and fast service!!!! The representative was very professional!!!!
Tanya Sweet
Tanya Sweet
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy Smith
Jimmy Smith
19:01 14 Jul 20
Great service, but they're also extremely patient. I called over a month ago for specialized E & O coverage, and Bizinsure was able to put me in touch with an extremely reasonable quote. Absolutely invaluable time and monetary savings to be had by going through these folks. If you can-- ask for Anthony. Absolute gem of a human.
James Lang
James Lang
18:19 02 Jul 20
Ken M
Ken M
23:21 28 Jun 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda Gray
Rhonda Gray
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul Rising
Paul Rising
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene Smith
Kristene Smith
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre Hall
Fre Hall
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn Torres-Gale
Dawn Torres-Gale
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. Atallah
Dr. Youssef C. Atallah
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh Mariscal
Josh Mariscal
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Young
Allison Young
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark Wallace
Mark Wallace
23:42 13 Nov 17
Daniel Scott
Daniel Scott
15:15 27 Jun 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham Blair
Graham Blair
22:12 23 Jun 17