Have you heard the one about the e-signature that didn’t hold up in court? What about the one where the company spent years implementing e-signature software? Here at InsureSign, we hear those tales and many more from insurance professionals on a regular basis. So we’re taking the opportunity to debunk four of the most common e-signature myths circulating on the scary story circuit today.
They’re not secure. With data breaches and other lapses in digital security being so common today, it’s little wonder that people look at e-signatures with a skeptical eye. Yet e-signatures are often more secure than their on-paper counterparts. E-signed documents are tamper-proof, securely transmitted and have a complete audit trail.
They’re not legally binding. What’s the difference between a signature on a screen and one on paper? Contrary to popular belief, there’s no difference in terms of legality. The Electronic Signatures in Global and National Commerce Act (ESIGN Act) gives e-signatures the same legal weight as those using pen and paper.
They’re too complicated. Sure, new technologies can be difficult and time-consuming to implement, but that isn’t the case with e-signature software. E-signature implementation and training should both take a matter of minutes to complete, not hours, days or weeks. Once your agency is up and running, documents can be ready for signing and signed by customers in mere minutes too.
They’re expensive. With their simplicity and convenience, surely e-signatures have to be pricey too, right? Actually, e-signatures are more cost-effective than paper signing. Insurance agencies that use e-signatures save big on paper, printer ink, couriers, certified mail delivery and paper file management.
Want to separate more e-signature fact from fiction? Watch a short video about InsureSign e-signatures here.