Notary Bond Insurance Alabama

April 17, 2021

Alabama notary discount association co. The national notary association, the nation's largest association for notaries, explains it perfectly in twelve steps to a flawless notarizatio n:

Alabama Notary Bond Bond, Notary, Fifty states

Our bonds are officially signed by the surety company as required by the secretary of state.

Notary bond insurance alabama. What is the notary bond? Contrary to popular belief, the notary bond is not insurance. Your alabama notary bond is:

By posting an alabama notary bond, notaries pledge to adhere to all regulations specified by the alabama secretary of state, including the code of alabama, title 36, chapter 20 concerning notary publics. Since 1940 notarybonding.com has been a leader in helping you with everything you need on how to become or renew as a notary public in the state of alabama.we are your primary notarial provider to securely order your notary bond and supplies. We will be in contact with you shortly.

Against alabama notaries are becoming more common every day. The website will then calculate the prorated price of your insurance policy. Because the bond only protects the public and because any money paid by the surety on your behalf can be recovered from you, we strongly recommend you purchase notary e&o coverage in an amount at least equal to the bond amount of $10,000.00.

An alabama notary bond provides financial protection for the public, not for the notary who purchases it. The bond is designed to solve issues. 100% total satisfaction is guaranteed.

A surety bond does not function like an insurance policy for the principal; Alabama notary bonds are required by the alabama secretary of state. Depending on the nature of the fraud and the extent of the financial harm to an innocent party, there could be an award for damages that exceed the required $25,000.

A1 surety bonds highly recommends that all individuals becoming licensed as a notary public purchase the additional protection of errors & omissions insurance. A notary bond in the amount of $10,000.00 is required in alabama to become a alabama notary public. Franklin tn insurance agency | high value home & equine insurance.

The steps are easy — get a quote online, fill out your. The bond must be purchased separately. Just as you protect your home, car and other personal effects with insurance, you need to protect your notarial acts with alabama notary public errors and omissions insurance.

This is not the state required notary bond. Who needs the notary bond? It's more like a guarantee or promise.

E&o can be purchased up to $100,000. The alabama notary bond cost is $50.00 for the 4 year term. Alabama notary insurance protects your business from lawsuits with rates as low as $27/mo.

The bonding company guarantees to the alabama secretary of state’s office that it will pay, on behalf of a commissioned alabama notary, any losses incurred by the public up to $25,000 during the notary’s commission term. Required by the state of alabama to become an alabama notary public. We are your primary notarial provider to securely order your notary bond and supplies.

If you would like coverage that protects you from the financial damage that could result from making a notarial mistake, you should consider a notary errors & omissions policy. Please complete the form below. The bond is not insurance protection for alabama notaries.

Since 1940 notarybonding.com has been a leader in helping you with everything you need on how to become or renew as a notary public in the state of alabama. The notary bond protects the alabama public against any financial loss due to improper conduct by an alabama notary. The required bond amount is $25,000.00.

To get started, simply complete the following order form and click next. Colonial offers the direct and digital way to obtain an alabama notary bond. We are the insurance company — which means no agent, no broker, and no middleman and are licensed in all 50 states.

Lastly, enter your name exactly as it appears on your commission certificate. Most orders ship within 1. Even if a suit is not valid, you could still face a high legal bill for defending yourself in court.

The term of the policy is the same as your notary commission. Get a fast quote and your certificate of insurance now. The alabama public service commission requires notary publics to post a $25,000 surety bond prior to being commissioned.

The bond protects the public against the notary's misconduct in the event the notary has no funds to reimbursed a damaged victim. A notary surety bond protects the public from mistakes you make while performing your notarial duties during the term of your commission that result in damage to the public. Low cost notary packages and supplies.

If you would like to add notary errors & omissions insurance, the following options are available to you: In the state of alabama, notaries are required to obtain a $25,000 surety bond in order to be in compliance with the alabama statutes. This 4 year, $25,000 alabama notary bond is required for all applying alabama notaries public.

Why are alabama notary bonds required? Even the smallest mistake can be very costly. Notary bonds do not protect the notary from lawsuits.

The state of alabama requires every notary to purchase a $25,000 surety bond in order to protect the public financially from the possibility of a negligent mistake or intentional misconduct. Your alabama notary surety bond. The required alabama notary bond does not cover you in these cases.

Instead, it is a guarantee to the obligee that the principal understands and agrees to comply with all duties and. The $25,000 notary bond provides protection to any individual who may be harmed as a result of a breach of duty by said notary acting in his/her official capacity as a notary public. To purchase a policy, first enter the expiration date of your alabama notary commission.

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