FAQ_category: (HIDDEN) Industry FAQs

It depends on your state: 

• Some states require notaries to carry E&O insurance as part of their licensing or bonding requirements. 

• Even when not required by law, E&O is strongly recommended—especially if you perform high-volume notarizations or handle real estate, legal, or financial documents. 

Notaries face unique liability risks and should consider the following types of coverage: 

• Errors & Omissions Insurance (E&O) – Covers claims if a client alleges financial loss due to a mistake, oversight, or improper notarization. 

• General Liability Insurance – Protects against physical risks like a client injury during a notarial appointment at your office or home. 

• Cyber Liability Insurance – Essential if you handle client documents electronically or store personal data online. 

A solid insurance plan keeps your notary business legally compliant—and your reputation intact. 

Yes! If you include Cyber Liability Insurance in your plan. 

This coverage typically helps pay for: 

• Legal defense 

• Client notification and credit monitoring 

• Data recovery and breach investigation 

• Ransomware response or extortion payments 

Tax preparers are frequent targets of phishing scams and cybercrime, especially during tax season. 

If you store Social Security numbers, W-2s, or financial records, cyber coverage is not a luxury—it’s a necessity. 

On average, Gilders pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

While not always mandated by law, professional liability (E&O) is often required by: 

• Clients or contracting platforms before beginning work 

• State-level regulations for enrolled agents or CPAs 

• Banks, lenders, or institutions if you’re helping with financial documentation 

E&O protects you from legal costs—even if you didn’t make a mistake, but a client believes you did.