What You Need to Know About Notary Public Liability Insurance

/ BLOG

What You Need to Know About Notary Public Liability Insurance

Any occupation where people put trust in your professional advice and services is prone to lawsuits and notaries are not an exception. Notary Public Liability insurance provides notaries financial cushion against errors, omissions, and negligent acts performed in your professional capacity.

As human beings, we are bound to make mistakes, both in our personal and professional lives. While we are free to deal with our personal mistakes in any way we want, in the professional world that is not an option, as aggrieved parties can rightfully initiate litigation against you for malpractice or negligence. That is why it is important for a notary professional to have insurance in place providing protection in the event of a lawsuit where financial expenses are reimbursed.

 

Why Do I Need Notary Public Liability Insurance?

Fundamentally, Notary Public Liability insurance provides protection to notaries against initiated claims. These claims can be related to their legal liability for personal or property damage occurring during the course of their business activities.

These potential liabilities can be shielded against a Public Notary Liability insurance policy. We live in a world where people file lawsuits for professional incompetence without giving it a second thought. That is why it is a proactive step as a professional notary to ensure they you are adequately protected against claims made by third parties. Moreover, if you are employing people, you become prone to the likelihood of a claim being made against you in respect of legal liabilities as an employer.

Professional Liability insurance protects you from claims raised due to unintentional mistakes made in the professional capacity.  If a claim is brought against you, without Professional Liability insurance in place, you do not have to bear all the legal expenses and fees to defend your case. If you do lose the case, you may need to pay thousands of dollars from your personal money creating a big setback for you in terms of managing your finances.

This is why it is another reason to be proactive about your professional liabilities and get the right insurance from a well-reputed firm to ensure you would not have to pay the cost of your professional mistakes out of your personal finances. Click here to find out more detail.

Peace of mind is something which you cannot put a price on. You know anything can go wrong anytime and without insurance, you must live with the fear and concerns of a claim being brought against you suddenly.

 

What Does Notary Public Liability Insurance Cover?

It should be noted that Notary Public Professional Liability insurance is not general insurance that covers mistakes and misdemeanours outside of the purview of your professional domain. If you are involved in an automobile accident, do not expect the notary liability insurance to cover the damage. It is strictly about insuring the mistakes you make in your professional capacity.

Moreover, a notary liability insurance will not pay for your intentional acts as well. If you have willfully notarized a document or a signature that is not legal or otherwise compromised, your insurance will not protect you. It will only pay for your negligent acts i.e. acts you have committed mistakenly. To summarize, the Notary Public Liability insurance will provide you protection against unintentional acts performed in the professional capacity.

Most Notaries Public make a salary which is slightly higher than the minimum wage. Working for that amount of money, no notary public should expose themselves to even an odd chance of a customer hitting them with a claim for damages. That is why it is important to have the cushion of insurance for your professional negligence which is bound to happen regardless of how careful you’re. The worst thing about odds are, sooner or later, they get to you.

 

How to Reduce the Chances of Professional Liability

Here are some ways to avoid Notary Public liability claims being filed against you.

  1. Never authenticate archives with clear spaces. A clear space where a financing cost or instalment sum ought to be is possibly deceitful. Ensure each space is filled in while legally approving a report. On the off chance that a clear space is planned in the record, guarantee that you make a note in your diary.
  2. Ensure every signature is taken with consent. Do not try to force anybody into signing something. On the off chance that the signature obtained is not consensual, the transaction could be voided or negated, bringing about potential financial liability claim.
  3. Keep up a diary. Make it a habit to record every transaction with complete details. This way you will have recorded evidence which will give clear confirmation of due diligence and substantiate that you do take after the accepted procedures of the profession.
  1. Know the cutoff points of your authority and where you should stop helping. Do not provide counsel, even informally. The public notary commission does not accompany the professional expertise to provide legal advice or select or draft legal documents for your customers. On the off chance that the legal guidance you give is inaccurate or incomplete, it can become a legitimate reason for a claim.
  2. Only notarize those signers who are there in flesh. There are no special cases to ensuring the person who is signing the document is available for the notary. Truth be told, in the event that you follow this instruction religiously, you will altogether lessen a substantial amount of risk. It is one of the top reasons why public notary professionals are sued or have their authority repudiated.
  3. Ensure you complete all notary certificates thoroughly and comprehensively. The facts you validate as a legal official are what is trusted upon by outsiders and, subsequently, ought to be clearly explained for better clarity and accuracy. At an absolute minimum, these authentications ought to contain the place, the names of the signatories, the date, and an assertion or affirmation document or statement.
  4. And of course, get yourself a comprehensive Notary Public Liability insurance. While each notarization is imperative, you may not generally know the consequences associated with each one. The liability protection will secure you once the document has been notarized.

Following these guidelines earnestly will go a long way in reducing the chances of any party bringing a legal claim against notary public practice. In a profession such as notary, it is all about mitigating and managing your risk. Putting best practices into actions means you are attempting to reduce your risk associated with your professional actions while purchasing Notary Public Liability insurance manages your risk once you have been subjected to it. With some professional diligence you can ensure you would not have to worry at all.

 

How Much Does Notary Public Liability Insurance Cost?

As discussed earlier, Notary Public Liability insurance covers a specific domain of professional negligence.

The Notary Public Liability insurance cost depends on a few factors including the nature of work a notary undertakes, the volume of work you manage annually, your past record, your expertise and overall experience, and whether there have been any claims made against you as a notary.

For affordable Notary Public Liability insurance, you can turn to BizInsure who have built a strong legacy of providing affordable insurance coverages

With an affordable and cost-effective Notary Public Liability insurance in place, you will not only have to pay for the legal expenses for the claims brought against your practice, but you will also have the peace of mind that in the event anything goes wrong, you have the financial cushion to fall back on.

 

 

 

Eugene was Awesome!!!!
Lakesha G
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
Lane
Lane
18:22 22 Jun 21
Jugrid Ombisi
Jugrid Ombisi
16:26 15 Jun 21
Done in less than an hour!
William Opperman
William Opperman
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
Brenda Jones
Brenda Jones
20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
Arik Solberg
Arik Solberg
16:34 10 May 21
Adj Ako
Adj Ako
16:47 05 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba Perez
Elba Perez
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
Casper Martinez
Casper Martinez
19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic Films
Poetic Films
21:00 07 Apr 21
Sandra Darjean-Murphy
Sandra Darjean-Murphy
17:48 31 Mar 21
Jusephine Ghong
Jusephine Ghong
17:58 23 Mar 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin Behm
Franklin Behm
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V Lapierre
Cassiopée V Lapierre
23:13 09 Mar 21
S & S Professional care llc Home Health Agengy
S & S Professional care llc Home Health Agengy
04:15 24 Feb 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie Woodruff
Stephanie Woodruff
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined Perez
Esined Perez
23:32 17 Feb 21
DIVINE FIJIANS HOME CARE SERVICES
DIVINE FIJIANS HOME CARE SERVICES
22:49 05 Jan 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe Wajdula
Joe Wajdula
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa Word
Lisa Word
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda hale
rhonda hale
23:26 12 Nov 20
Owner (LPN)
Owner (LPN)
23:19 06 Nov 20
Cincere Browdy
Cincere Browdy
15:16 29 Oct 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran Sutton
Fran Sutton
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen Day
Aileen Day
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele Harris
Michele Harris
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina Rose
Christina Rose
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy Sloan
Nancy Sloan
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope jones
hope jones
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela Curry
Pamela Curry
16:45 24 Aug 20
Cameron Peek
Cameron Peek
19:25 24 Jul 20
Great and fast service!!!! The representative was very professional!!!!
Tanya Sweet
Tanya Sweet
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy Smith
Jimmy Smith
19:01 14 Jul 20
Great service, but they're also extremely patient. I called over a month ago for specialized E & O coverage, and Bizinsure was able to put me in touch with an extremely reasonable quote. Absolutely invaluable time and monetary savings to be had by going through these folks. If you can-- ask for Anthony. Absolute gem of a human.
James Lang
James Lang
18:19 02 Jul 20
Ken M
Ken M
23:21 28 Jun 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda Gray
Rhonda Gray
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul Rising
Paul Rising
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene Smith
Kristene Smith
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre Hall
Fre Hall
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn Torres-Gale
Dawn Torres-Gale
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
Nekeisha B.
01:30 05 May 20
Amazing
Jasmine Q
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. Atallah
Dr. Youssef C. Atallah
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh Mariscal
Josh Mariscal
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Young
Allison Young
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark Wallace
Mark Wallace
23:42 13 Nov 17
Daniel Scott
Daniel Scott
15:15 27 Jun 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham Blair
Graham Blair
22:12 23 Jun 17