What types of losses are covered?
NNA Notary Errors and Omissions Insurance will absorb the costs of claims and lawsuits resulting from the Notary’s unintentional errors, up to the policy limit. Not only will E&O Insurance pay out damages to an injured party after a court verdict or out-of-court settlement, but it will also absorb attorney’s fees, court costs and other defense costs up to the policy limit. In some circumstances, your policy can be used to repay a loss on your bond. Even if the claim isn’t valid, you could still be faced with court costs for defending yourself. Without Errors and Omissions coverage, these costs would come out of your pocket.