Why Do You Need Notary Errors and Omissions Insurance?Hashim
Many notaries are unaware that they have total liability for incorrect or inappropriate notary acts. If a notary makes an error that costs a client something of value, that client could sue, even if the notary had no idea of the wrongdoing. Ignorance of the law is not considered an excuse.
Obviously, if a notary performs a fraudulent and deliberate criminal act, that notary should be prosecuted. But notaries are most often sued because of simple errors, lack of instruction and education, and persuasion or intimidation by employers, friends or family. They usually mean well, and they’re very persuasive – and the notary is usually just trying to help. But who gets called into court? It’s a lot to risk.