Definitions common to many notary-related concepts.
What is an occurrence-based errors and omissions insurance policy?
An occurrence-based policy offers protection for errors and omissions that occurred during the policy term, even if the policy has expired. For example, if Nancy Notary has a $25,000 E&O policy covering her from 1/1/2018 to 1/1/2019 and a customer sues her on 4/1/2022 for a mistake she made on 6/1/2018, the policy would respond.
