Indemnity Bonds: Why You Need One and How to Get It Notarized
What are Indemnity Bonds?
An indemnity bond is a contract between two parties that protects one party from losses incurred as a result of the other party’s actions. The bond is a guarantee that the person or company who purchased the bond will reimburse the losses incurred by the party who suffered the loss.
An indemnity bond is not insurance. It is a guarantee that the person or company who purchased the bond will reimburse the losses incurred by the party who suffered the loss. The purpose of an indemnity bond is to protect one party from another party’s negligence or illegal actions.
How to Get an Indemnity Bond Notarized
An indemnity bond must be notarized as the purpose of a notary is to confirm to both the authenticity of a document as well as the identity of the parties signing it. Typically, documents that have been stamped or sealed by a notary public are presumed by law to be valid, and to have been signed by the people identified in the document(s). In order to get an indemnity bond notarized, you must first find a notary public. A notary public is a person who has been appointed by the state to witness the signing of legal documents and administer oaths.
Once you have found a notary public, you must sign the indemnity bond in front of the notary. The notary will then place their official stamp on the document, which makes it legally binding.
Notarizing an indemnity bond is important because it ensures that both parties are held accountable for their actions. If either party fails to uphold their end of the agreement, they can be taken to court and required to pay damages.
Indemnity Bonds
An indemnity bond is a type of financial guarantee that is typically used to protect against losses that may occur as a result of someone else’s actions. If you are required to purchase an indemnity bond, you can get it notarized by bringing it to a notary public along with a form of identification. The notary public will review your documents and verify your identity before signing and stamping your document, which will officially make it a notarized document.
**Disclaimer: Notary Keeper does not confirm the accuracy of the document(s) being notarized outside of the notarial certificate. We do not legalize documents. Notary Publics cannot provide loan or legal advice, accept fees for legal advice under any circumstances, certify copies of documents recorded in the public records or notarize without an ID unless personally known by the Notary Public.
