According to Verisign's product page your $350 gets Verisign to accept upt to $100,000 in liability for the failure of their product.
You'd go to Verisign for the same reason you'd sell your house through or real estate broker. The third party guarantees the transaction.
In most places, the real estate broker has some legal responsibility to make you whole if there are problems. More important, theroker's reputation is their most important asset.
If you pay them 5% of the sale price and the buyer trashes the house in the final inspection or skips town before the closing or whatever, the real estate broker is going to be inclined to fix things, even if it costs him money. --Just so he can keep collecting fees.
Verisign is the same way. More so since it is Lloyds of London that is actually paying the claim.
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You'd go to Verisign for the same reason you'd sell your house through or real estate broker. The third party guarantees the transaction.
In most places, the real estate broker has some legal responsibility to make you whole if there are problems. More important, theroker's reputation is their most important asset.
If you pay them 5% of the sale price and the buyer trashes the house in the final inspection or skips town before the closing or whatever, the real estate broker is going to be inclined to fix things, even if it costs him money. --Just so he can keep collecting fees.
Verisign is the same way. More so since it is Lloyds of London that is actually paying the claim.