Notary Bond vs Notary E&O Insurance

Andy Johnson2017-08-07T16:50:25-05:00

Notary Bonds and Errors and Omissions Insurance

What is the difference between a notary bond and errors and omissions (E&O) insurance?

A notary bond is a financial security document underwritten by a surety licensed in the state that requires it. Translated, the bond is there to protect the public in the event of financial damages caused due to improper notarization. A notary bond is not insurance for the notary. If you are forced to pay damages due to a notarization that you performed, the bonding company will pay up to the bond value amount, but the next thing the bonding company will do is come after you for the money. They are very efficient at collecting, which is why the...