Error and Omissions Insurance and the Notary Public?

1 Answer

Answer :

The average consumer has little reason to think of error andomissions insurance. However, for many professions, error andomissions insurance is a requirement. For the notary public, it isessential. Consider the reasons a notary public needs this typeinsurance.Each state in the U.S. commissions notaries as officers of thestate. As such, a notary has to be thorough and have a keen eye fordetail. Some believe that notarizing a document is a trivialaffair, but the truth is that notarization is a legal act. That actcan have serious consequences if the notary makes an error.The consequences affect not only the notary but the consumer whorequested the notarization and possibly unknown parties as well.Consider the following example. A consumer refinances his home andreceives the closing paperwork

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