PAN members: if you’ve been thinking about obtaining that $100,000 Notary Errors and Omissions Insurance (E&O) policy, now’s the time to save big.
If you are a PAN member who has taken PAN’s First Time Notary or PAN’s Reappointment education seminars, or PANcourse Online within the last six months, you can now purchase $100,000 Notary E&O Insurance for just $144 for four years of coverage. This is the lowest price available in Pennsylvania.
Notary E&O Insurance protects you when you make a mistake acting as a notary that causes your customer to suffer a financial loss. It provides monetary protection if you are ever sued for your actions as a notary. Even if you never make a mistake there’s always a possibility that you may be falsely accused of wrongdoing and will have to defend yourself in a lawsuit.
“Educated notaries know that regardless of how careful they are, it is still possible to make a mistake. If an innocent mistake, error or omission means your customer is going to lose money, you can expect they will be knocking on the door of your notary office,” said Tod E. Aronson, president and owner of E. R. Munro and Company, PAN’s insurance expert.
Notary E&O Insurance pays your claim first before your notary bond. And you do not have to pay the insurance company back. A $100,000 Notary E&O policy pays up to $100,000 for both the claim and legal fees. There is no deductible.
Education is the key requirement in obtaining this specially-priced E&O. The discounted E&O is a group policy issued specifically for PAN members who have had PAN education within the last six months.
If you are a PAN member and exempt from state-required education, you can stil get the discounted $100,000 Notary E&O – just complete PAN’s First Time Notary or Notary Reappointment education seminars, or the PANcourse Online.
Members with current education (education within the last six months) can also have their original $30,000 or $50,000 Notary E&O policies replaced with the discounted $100,000 on a prorated basis.
Call one of PAN’s customer service representatives Monday-Friday, 9 a.m. to 4:30 p.m. at 800-944-8790 to learn more about PAN’s $100,000 Notary E&O Insurance discount.