G. A. MacDonald Associates, Inc.
Financial Management & Insurance Services
2200 Lake Avenue, Suite 120, Fort Wayne, IN 46805
Phone: (260) 422-5377 Fax: (260) 423-6780Notary
Bonds Protect the Public.
Who Protects the Notary?
Notary Public Errors and Omissions Insurance
Notarial lawsuits
are becoming more common every day. And even the smallest mistake can be
very costly. Your notary bond protects the public. But it
doesn't protect you.
For example:
- The attorney for the insured's
employer, a bank, gave notice of a lawsuit in which the plaintiff's
signature was allegedly forged on a deed which was witnessed by an
insured notary. The plaintiff sought
cancellation of the deed. The insurer paid $25,000 the full limit of
the policy.
- Claimants loaned $15,000 to a married
couple. The couple went through a divorce, and it was proven that the
notarized signature of the wife was a forgery. The insurer
paid a $9,900 settlement on this policy and incurred attorney fees of
$460.
- A lawsuit was brought against a notary
covered by a group policy issued to her employer, a title
company. The plaintiffs alleged that the notary negligently
acknowledged forged signatures on an indemnity agreement. A
claim of $15,000 was paid.
Because the
notaries in these examples were protected by Notary Public Errors and
Omissions (E & O) Insurance, their losses were covered. And Western Surety
Company was there to help pay for the damages and legal costs.
Why Western Surety
Company?
Our agency has chosen to represent Western
Surety Company as the exclusive provider for notary public errors and
omissions coverage for our Indiana clients:
- Western Surety Company gives one-day service to all new
business. Everything is answered the day it is received.
- They write more bonds than any other company in the country.
- They have specialized in the bond business since 1900. They
are THE bond experts.
- They have experienced claim specialists for bonds and errors and
omissions insurance.
- They are a subsidiary of CNA Surety Corporation, a public company
whose stock is traded on the New York Stock Exchange under the
designation SUR.
- They have an A.M. Best rating of A+, Superior.
Plan Highlights
- No deductible.
- Coverage of defense costs, subject to
policy provisions.
- Protection against errors and
omissions.
- Cost-effective coverage. Rates
start at just $6.25 per year!
- Employers are covered under a group
policy at no additional charge.
- Additional notaries are covered
automatically during the annual policy period.
This
page contains only a brief summary of coverage and policy
provisions. All statements herein are subject to the provisions,
exclusions, and conditions of the applicable policy. Coverages
afforded are only those for which application is made and for which a
premium charge is paid as indicated in the Declarations of the policy.
Can you afford a
lawsuit because you made an innocent mistake and were an easy target for
someone trying to recover losses? Notary Public Errors and Omissions
Insurance safeguards you against costly and time-consuming lawsuits. Even
if the suit is not valid, you could still be faced with a legal bill for
defending yourself. If you aren't insured, you'll pay those defense
costs out of your own pocket, win or lose.
For a nominal premium, you can purchase a
policy with a limit which suits your needs. The term of the policy
is the same as your notary commission. Protect yourself and those
who depend on you now.
Consider
Notary Public E & O insurance to protect yourself against innocent
mistakes plus defense costs:
State of Indiana
Individual
- $10,000 coverage for eight years - $65.00 (only
$8.13 per year!)
- $15,000 coverage for eight years - $84.50
(only $10.56 per year!)
- $25,000 coverage for eight years - $104.00
(only $13.00 per year!)
Policy term coincides with the eight (8) year notary
commission. Coverage is also offered by G. A. MacDonald Associates at the
time you apply for your Indiana
notary commission.
If you are more than one year into your Indiana notary
commission, you qualify for a pro-rated policy which will provide
coverage for the remainder of your eight year term. Call us at
(260) 422-5377 or e-mail Dave
MacDonald for rates or more information (Indiana only).
Group
(Employer's Comprehensive Policy)
- $10,000 coverage
- $ 8.25 per employee per year
- $15,000 coverage
- $10.50 per employee per year
- $25,000 coverage - $13.00
per employee per year
Examples:
(a) $10,000 policy covering 6 notaries (6 x $ 8.25) Annual premium
= $49.50
(b) $25,000 policy covering 5 notaries (5 x $13.00) Annual premium = $65.00
Employers are covered under the group
policy at no additional charge. Additional notaries are covered
automatically during the annual policy period with no added fee.
State of Michigan
Individual
- $10,000 coverage for
six years - $45.00 (only $7.50 per year!)
- $15,000 coverage for six years - $97.50
(only $16.25 per year!)
- $25,000 coverage for six years - $120.00
(only $20.00 per year!)
Policy term coincides with the six (6) year notary
commission.
If you are more than one year into your Michigan notary
commission, you qualify for a pro-rated policy which will provide
coverage for the remainder of your six year term. Call us at
(260) 422-5377 or e-mail Dave
MacDonald for rates or more information (Michigan only).
Group
(Employer's Comprehensive Policy)
- $10,000 coverage
- $7.50 per employee per year
- $15,000 coverage
- $16.25 per employee per year
- $25,000 coverage - $20.00
per employee per year
Examples:
(a) $10,000 policy covering 6 notaries (6 x $ 7.50) Annual premium
= $45.00
(b) $25,000 policy covering 5 notaries (5 x $20.00) Annual premium =
$100.00
The policy term is one year. Employers are covered under the group
policy at no additional charge. Additional notaries are covered
automatically during the annual policy period with no added fee.
Indiana & Michigan Residents
Open the Notary
E & O Application
(Adobe®
.pdf)
|
Download the free
Acrobat®
Reader
to view/complete/print the application from your computer
|
Residents of All Other States
We regret that at the present time, we are only accepting
applications from businesses in Indiana and Michigan. Applications
received from other states cannot be accepted and will be
returned. |
To locate a CNA Surety agent in your state,
please contact the company at:
(605) 336-0850
|
- Complete the application. This
can be typed from your computer if you open the file and place your
cursor in the "Name" field of either the Individual
Policy or Group or Employer's Comprehensive Policy section
of the
application. Complete this field and press the "Tab"
key to move from field to field through the rest of the application.
- Print the application.
- Recheck your application for
accuracy. Incomplete applications may need to be returned for
completion prior to policy issuance.
- Calculate the premium payment
due (see How much does it cost?)
- Remit your application and payment (check
or money
order payable
to
G. A. MacDonald Associates).
Mail or Overnight your completed application to:
G. A. MacDonald Associates,
Inc.
Attention: E & O Department
2200 Lake Avenue, Suite 120
Fort Wayne, IN 46805
Phone: (260) 422-5377
Fax: (260) 423-6780
Upon receipt, G.
A. MacDonald Associates will review your application for
completeness and submit it to CNA Surety. We process all
applications the same business day they are
received. Your policy will be sent to you via first-class mail to
the address provided on the application.
News & Information
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Aliases in corporate papersInquirer.net, Philippines - Jul 10, 2008And yet, when the articles were acknowledged before a notary public, the two presented community tax certificates that bore their true names. ... |
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