Notary Bonds
Notaries have the authority to notarize signatures, which serves as confirmation that the signature is actually from the person who claims to be signing. All states have notaries, but not all require a bond. Notaries are commissioned by the Secretary of State's office and are considered as a public official. The notary bond serves to protect the public against losses resulting from improper actions of the notary. This bond does not protect the notary from lawsuits.
Notary Bonds: Errors & Omissions (E&O)
While the bond protects the public, the Errors & Omissions protects the notary themselves. Protection against errors and omissions is more important than ever because lawsuits against notaries are becoming more common each day.
Benefits of an E&O
• No deductible
• Covers defense costs
• Protects against errors and omissions
• Employers covered under blanket policy at no additional charge
• Additional notaries covered automatically under blanket policy
• Various limits of insurance available at nominal premiums