Notary Errors and Omissions Insurance — If You’re A Notary, You Need This Insurance

As a notary, you can personally be held liable for any real or perceived damage caused by errors or misconduct while performing a notarization. Notary Errors and Omissions (E&O) Insurance covers your assets if you make errors during the notarial process that cause your client to suffer financially. At Lifetime Investments, we’ve got you covered. Here’s what you need to know to protect yourself personally and professionally. 

Why Do I Need Errors and Omissions Insurance? 

Er&O Insurance will safeguard you against any mistakes that happen during a notarization. It only takes one error to potentially lose your savings, your Mesa, AZ home, or even your business! Protecting yourself and your assets with liability coverage is very affordable – just pennies a day. 

Doesn’t My Employer Cover This? 

No, your employer doesn’t cover you against errors and omissions, even if they carry liability insurance. Just as you are responsible for your own journal and seal, you alone are responsible for your notary acts. The Notary commission is not your employer’s, it’s yours. 

Doesn’t My Notary Bond Protect Me? 

That is a common misconception, but no, your notary bond does not protect you. A notary bod doesn’t protect the notary, it protects the public. If a surety company pays your claim, you have to pay them back. Notary Errors and Omissions insurance will that claim as well as any legal expenses up to your policy limit, without a deductible, and provides free expert legal defense.  

Am I Required To Carry Errors and Omissions Insurance By Law? 

No, you are not required to carry E&O insurance, but why would you want to risk your assets, Mesa, AZ home, and business for a simple mistake? Errors and Omissions insurance is protection that will provide you with peace of mind. 

For more information about E&O insurance, call the experts at Lifetime Investments to find out how Notary Errors and Omissions insurance can protect you and your assets

Why You Need Notary Insurance

As much as it would be nice to be perfect all of the time, unfortunately, it’s a tall order for anyone. Notaries have to handle a lot of sensitive information, and what they do can affect a lot of different people. A mistake can end up having a ripple effect on the business that you probably can’t afford. If someone chooses to sue you or if you’re held liable for certain charges and fees, do you know if you have the protection to cover the damages? If not, it’s time to learn more about how notary insurance can affect you. 

What It Covers 

Most people know what E&O insurance is, even if they don’t know all the specifics of it. With errors and omissions insurance, you are protected from any mistakes you may make during business hours. As long as the mistake was unintentional, you have a certain amount of coverage that can be used to fight against or to settle a lawsuit. Notaries need to understand what their liability limits are, so they can determine if they need additional coverage. If you live in Mesa, AZ, you can’t afford to take any chances with your assets. 

Contact Lifetime Investments 

It’s our mission to get our clients the protection they need. We want all notaries to continue serving their customers and clients. We also know just how easy it is to let a simple claim blossom into thousands upon thousands of dollars — fees that would need to come out of a notary’s personal savings or investments to be paid in full. We’re here to stop that from happening by increasing the level of protection around you. Give Lifetime Investments a call if you live in Mesa, AZ and need advice about how you can safeguard your livelihood. 

Here’s what you need to know about salon insurance in Mesa, Arizona

The U.S. Bureau of Labor Statistics shows the job outlook for beauty salon workers growing by at least 13 percent within the next seven years. With projected growth being so high, it seems like the right time to break into the industry as a hair stylist or salon owner. You do not want to get into the business in Mesa, AZ without the proper indemnity plan. Lifetime Investments can help you with your dilemma. Here are a few things that you need to know about salon insurance. 

What does salon insurance cover?
Assurance for your salon, in many respects, works like any other small business insurance. Indemnity coverage shields you from events such as theft and vandalism. Your vital equipment is taken care of when life-changing events take place. It may even be a good idea to obtain what is called a business owner’s policy (BOP), which includes both property and general liability insurance. 

Distinctive Features of Salon Insurance in Mesa, AZ
Sometimes disgruntled clients blame their stylists for mistakes that lead to hair loss or unbecoming designs. They may decide to sue their creators for personal mistakes made before coming to the salon. It is in these instances that you need an advocate to prove your innocence and an insurance policy that pays out if your client wins her suit. A salon indemnity plan offered by Lifetime Investments could be part of your saving grace. 

Assurance also covers mechanical malfunctions that prevent you from putting your best foot forward when working. A good plan also pays for income lost when utility services are interrupted. Such coverage especially comes in handy when the power goes out for an extended period in the middle of a workday. 

Owning a salon in Mesa, AZ can be an exciting venture. Life Investments can help you find the indemnity policy to suit your needs. 

Equipment in Transit: Who is Liable for Damage?

Whether you are purchasing a new piece of equipment, returning it at the end of a lease, or selling it to a customer, it is important to determine who will be liable should damage occur in transit.  Accidents can happen on the road as well as while the equipment is being loaded or unloaded. Lifetime Investments in Mesa, AZ knows how a damaged piece of equipment can result in a significant loss to a company if not adequately insured.  

Who is Responsible if a Piece of Equipment is Damaged in Transit?

The responsibility of damage will typically fall on either the company handling the transit or the company that holds to title to the piece of equipment.

Shipping Company

Some shipping will ask for a value of the equipment that you are shipping.  They will include a fee to insure up to the amount you complete on the bill of lading.  If the equipment is damaged while in transit due to traffic accident or theft, the company will cover you up to the amount you are insured.  If the freight company does not include coverage in their price, they will ask you to provide a certificate of coverage.  For companies such as UPS and FedEx, they only include up to $100 of coverage unless you insure it for an additional value for an added expense.

Title Holder

If your freight company does not provide insurance coverage, the cost for damage will fall to the title holder at the time that the piece of equipment becomes damaged.  This should be established before shipping so that the company who owns it can be sure to have proper coverage on it.  

For example, if you are returning a leased piece of equipment and your lease does not end until the equipment is received, the leasing company is the title owner, and you are just the lessee so their insurance would typically cover the piece unless your contract specifies otherwise.  If you sell a piece of equipment and you have accepted payment and transferred the title to the new owner, you will want to make sure that they have coverage in place on it before it is shipped.

If you want to know whether or not your equipment will be properly covered in transit or to find out more about equipment coverage, contact the skilled agents at Lifetime Investments in Mesa, AZ today for more information or to get a commercial business quote.


Tax Season = Identity Theft Concerns

Everywhere you read there are red flags about being more concerned than ever about identity theft; after all, it is tax season!

Just yesterday New Hanover County, NC news headlines contained a request by authorities to find a couple accused of identity theft and credit card fraud… in a spree that started January 21st. The couple had secured cards and information from local credit union members, with activity continuing throughout Jacksonville and Myrtle Beach, SC.

And a few days ago KSTP 5-Eyewitness news reported significant crimes occurring in the Twin Cities: Children’s financial identities are being stolen and parents often don’t know it’s even happened until much later, according to law enforcement. The article referred to a Carnegie Mellon University study identifying that more than 10 percent of the minors experienced another person having used their Social Security number—a rate 51 percent higher than a similar report in 2011.

A big flag went up when I recently read about the influx of identity theft in Albuquerque and police officers recounting an event in 2013 when a young man returned home from work and found his laundry room open and a few high priced items stolen. At first glance, he felt he could deal with that, but… in the ensuing investigation, he found more disconcerting the theft of items from the fire safe hidden in the laundry room! Gone were immunization records, social security card—essentially everything he needed to verify his identity. It actually took him the better part of the week even convincing the investigating officers “he” was the owner of the home. His bank records had been changed, his accounts drained and several other credit cards issued to the thief.

What this tale notes so clearly for Arizona communities is that in the case of identity theft you are victimized twice! Once in the theft and again in having the struggle to reclaim your real identity, undo the damage done by the theft, and tend to the tasks of putting a stop to further criminal actions—often for many years future forward.

Although the home invasion is more personal, the damage done from mail being stolen from your mailbox can be just as bad. It may be inconvenient to use a paid postal box, but that is far better than the horrifying knowledge of just how vulnerable you are to the possibilities of someone walking along the street can grab sufficient information to replace you in life! Protect yourself at all costs; protect your neighbors should you see strange behavior around anyone’s mailbox by calling 242-COPS and download the following PDF for a list of tips and resources.

Making MORE happen for my insurance clients…

Jan Vitale

Arizona Independent Insurance Agent
Proudly serving her clients and her industry for 30+ years


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