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Minnesota Notary - Bonds and Insurance
We have made it very easy to order high quality, professional notary supplies meeting Minnesota state requirements. To get started, simply complete the following order form and click Next. In a few easy, time-saving steps, your order will be complete. Most orders ship within 1 business day.
Notary Info and Product Selection - Notary 1
Official Name:
Comm. Expiration:
(mm/dd/yyyy)
If ordering a stamp or seal, please make sure the Official Name and Commission Expiration date you provide above are exactly the same as the name and expiration date on your notary commission.
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Western Surety Company Signing Agent Errors and Omissions (E&O) Insurance is specifically designed for notaries who assist with loan signings. This policy is currently available in the following states only: AL, AK, AZ, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MS, MO, MT, NE, NV, NH, ND, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, DC, WV and WI.
The policy is a claims-made policy, meaning both the basis of the claim and the filing of the claim must occur while the policy is in force. Coverage for prior acts is not available. The
Per Claim Limit
is the maximum amount the policy will pay on any one claim. The
Aggregate Limit
is the maximum amount the policy will pay on all claims combined.
Choose from one of the following coverage levels:
Per Claim
Limit
Aggregate
Limit
Deductible
Annual
Premium
$75,000
$150,000
$500
$275
$75,000
$150,000
$1,000
$220
$125,000
$250,000
$500
$458
$125,000
$250,000
$1,000
$366
All policies are for a term of 1-year and Notary Rotary Membership is required.
Our Signing Agent Errors & Omissions Insurance Policy is designed to fill the gaps left with traditional Notary Errors & Omissions Insurance, which only provides coverage for the actual notarizations in a loan package. The new policy, which includes defense costs, provides coverage for actions such as:
Innocent errors or omissions related to Signing Agent Notarial acts
Incorrectly dating the Right of Rescission
Missed initials or non-notarized signatures
Improper corrections made to documents
Failure to complete the signing on time
Late return of date-sensitive documents
Innocent mistakes happen, no matter how careful you are. Consider a few cases where traditional notary errors and omissions insurance would not apply:
A notary signing agent completed a loan closing and was responsible for returning the documents via expedited mail. However, the notary accidentally threw away the wrong envelope and the documents were never sent.
A signing agent completed a closing, put the documents in the mail, and completed all required assignments. However, the title company never received the documents and accused the signing agent of never sending them and delaying the closing.
A mortgage lender sued a signing agent for failing to provide customers with copies of documents, which resulted in a change in rescission date.
Price:
Varies - see below
Select a Version:
$75,000/$150,000 w/$500 Deductible - $275
$75,000/$150,000 w/$1,000 Deductible - $220
$125,000/$250,000 w/$500 Deductible - $458
$125,000/$250,000 w/$1,000 Deductible - $366
Quantity:
Notary Errors and Omissions Insurance Policy covering the term of your current commission. This A-rated policy is written with Western Surety Company (CNA Surety) and is best purchased at the beginning of your commission term. Please select your coverage amount. If you are mid-term, please call us in order to pro-rate the premium.
This Notary Errors and Omissions Insurance Policy offers vital protection from lawsuits for your current commission term.
Why would I want this policy?
The Minnesota Notary Public Errors and Omissions Policy is a form of liability insurance that protects you, acting as a duly commissioned and sworn Minnesota Notary Public, during the policy period and subject to the policy limits, from claims or suits that are the result of your negligent acts, errors or omissions. Unlike a notary bond, which only protects the public, this policy will pay for investigation, defense and settlement of committed or alleged acts by the insured subject to the policy's liability limit. Once that limit has been paid by the insurer, the policy stops providing coverage and you are personally responsible for any additional legal fees or damages.
What if I cancel or want to upgrade?
Most policies we carry have been filed with state insurance departments as having "fully-earned" premiums.
This means that the premium is non-refundable
. However, if a higher coverage amount is available during the term of your policy and you would like to upgrade to it, you may do so. Just give us a call so that we may calculate the pro-rated upgrade cost for you.
Minnesota license number 40017348.
Price:
Varies - see below
Select a Version:
$10k - $93.75
$15k - $106.25
$25k - $118.75
Quantity:
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