Errors and Omissions Insurance
Errors and Omissions Insurance, otherwise known as E&O Insurance, is optional and is not required by law. E&O Insurance is a low-cost insurance that will better protect you financially in the event of an errors or omissions. Typically, E&O Insurance will cover between $25,000 to $5,000,000, depending on the level you choose, and unlike the bond it does not need to be repaid if used. This means that if you make a mistake on a notarization and it causes harm to another party that you would be covered up to the amount of your insurance policy so long as you did not breach any of the covenants of the insurance policy.