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TOPIC: Difference in a notary bond and notary insurance?

Difference in a notary bond and notary insurance? 6 years 10 months ago #19

Each notary public in the State of Florida is required to have a $7,500 notary bond. The notary bond protects the public in case an error is made by the Florida notary. If a claim is filed against the notary’s bond, any monies recovered from the bond are initially paid by the Florida bonding agent but must be repaid by the notary.

Notary Errors and Omissions Insurance, however, is optional insurance that protects the Florida notary in case a mistake or error is made. Just as you protect your home, car and other personal effects with insurance, you need to protect your notarial acts with Florida Notary Public Errors and Omissions Insurance. The term of the policy is the same as your Florida notary commission. Policies may be purchased at a nominal premium with various limits.
Last Edit: 6 years 2 months ago by Frances Macvicar.
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The following user(s) said Thank You: Isabelle Byrd,
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