Notary Public Underwriters Blog
Bond. Notary Bond.
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- Published: January 13, 2020
Though a Notary Bond may not sound as suave as James Bond, it can be just as useful as 007 in a tight situation. Bonds are designed to protect the public against any misconduct or mistakes made by a notary. Unlike insurance, which protects the notary themselves, bonds protect the public. If a notary, knowingly or unknowingly, financially harms a member of the public the bond ensures that person will be reimbursed. As a notary, this is not a free fix to your mistake. Though, the bond guarantees the individual is paid, the notary must still reimburse the amount. Florida, as well as most states, requires the purchase of the surety bond to help shield the public. The notary’s job can be just as thrilling as James Bond’s—you can greatly alter a person’s life, but unlike James Bond you cannot hide from the repercussions. The public is not the only one offered protection, though. Errors and Omissions Insurance, commonly referred to as E & O Insurance, helps protect you as a notary. To learn more about E & O Insurance check out the NPU Blog, and to learn more about becoming a notary, notary products, and education please visit our website.