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Professional liability insurance for notaries
Liability insurance is mandatory for all notaries public. Pursuant to the Law No. 4462-1 dd. February 11, 1993, notaries public have a duty to maintain a professional liability insurance policy with an insurance company accredited by the Federal Chamber of Notaries.
ENERGOGARANT has the appropriate accreditation to offer this insurance.
Sum insured under a notary public professional indemnity insurance policy may not be less than:
- 2,000,000 rubles for a notary public based in a city
- 1,500,000 rubles for a notary public based in a rural area
If you have any questions about insurance, please contact us
Private notaries attesting mortgage agreements have a duty to maintain a professional liability insurance policy with sum insured of not less than 5,000,000 rubles.
The Notary Chamber of the Russian Federation, in order to ensure the property liability of its member notaries, is entitled to take out notaries public professional indemnity insurance with a sum insured of not less than 500,000 rubles per Notary Chamber member.
Notaries public professional indemnity insurance covers the amount of damages caused to the third parties but not more than the amount of the sum insured shown in the policy.