The latest in notary, Apostille, and business news from New York, NY.
A Notary’s essential duty is to authenticate identities to protect consumers from fraud. But if one of your notarizations is challenged, who protects you? If you do not have a Notary Errors and Omissions (E&O) insurance policy, you’re on your own.
Read MoreThe surety bond most states require Notaries to buy is designed to protect consumers, not the Notary. If someone files a claim against you, and a loss is paid out of your bond, your bond company will come after you to repay the amount of the loss and any legal costs. If you had a full loss on a $15,000 bond, for example, your total tab could run $20,000 or more.
Read MoreSHRM (Society for Human Resource Management) has launched a product, LegalNetwork, for human resources professionals working for small businesses.
SHRM is dedicated to creating better work spaces where employees and employers can thrive. The network has more than 300,000 members HR and business executive members in 165 countries.
Read MoreUpdated 6-9-20. A Notary’s essential duty is to authenticate identities to protect consumers from fraud. But if one of your notarizations is challenged, who protects you? If you do not have a Notary Errors and Omissions (E&O) insurance policy, you’re on your own.
While most Notaries will never have a claim made against them, lawsuits are becoming more common and often are filed months after the notarization in question was performed. Notaries can even get embroiled in legal disputes even when they have done everything right.
You may purchase E&O insurance when you become a Notary or when you renew. To help you understand how E&O insurance works, here are things to keep in mind:
Read MoreThe essential task of every Notary is to verify the identity of their signers. Every day, signers present their driver's licenses or ID cards, and they have a multitude of looks. With so many sophisticated fake and altered ID cards on the market, how can you be certain that an individual’s ID is valid? Checking the ID’s security features is key.
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