Importance of Errors and Omission Insurance for Notary Public

What Is Errors And Omission Insurance?

Having an Errors and Omission insurance is absolutely important for a notary public. It is their cushion in the event of an unintentional mistake that can cause harm to the third party. Many people have the misconception that notary public do not need insurance because they are bonded. However, many people do not know that the bond is supposed to protect the public, and a notary has to repay the amount in case of a claim. An errors and omission insurance is necessary to protect the notary public in case of a claim. The notary public will not be asked to reimburse the amount to the insurance company.

What Is Notary Errors and Omissions Insurance?

In most jurisdictions,a public notary can not be held liable for the truth or accuracy of a document that he or she notarized. The notary’s job is to verify the signer’s identity (e.g. checking driver’s license, passport, government-issued ID card, etc.) and watch the signer signs the document. When these actions are complete, the notary will add his or her official stamp to the document to confirm a successful execution.

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