Notary Bulletin Hotline Tip: The Difference Between A Surety Bond And E&O Insurance By NNA Staff on October 25, 2011 in Hotline Tips Many people are confused over the differences between surety bonds and errors and omissions insurance. For Notaries, the differences are crucial. Many states require Notaries to purchase a surety bond to protect their signers. A surety bond is a financial guarantee that a person who loses money because of a Notary’s misconduct or fraud will be reimbursed up to the bond’s limit. A surety bond does not protect the Notary. If damages are paid to a signer out of a surety bond, the Notary is required to pay back the amount to the bonding company. E&O insurance is designed to protect Notaries from liability. If a claim is made against a Notary, the E&O policy typically pays legal fees and losses up to the limit of the policy. You do not have to reimburse the insurance company for any costs incurred by a claim. Unlike a Notary bond, E&O insurance covers negligent errors and omissions only; it does not cover criminal acts or frauds. Regardless of your state’s bond requirements, it’s always a good idea to have an E&O policy because a claim can be made against you even if you have done nothing wrong. Email Share 4 Comments Add your commentyesenia c amador21 Sep 2015I, need a bond for errors and omission bond, cover 2,000,000 for P & C, Life and Health insuranceNational Notary Association21 Sep 2015Hello. Please be aware that E&O insurance is not the same as a surety bond. A surety bond protects signers from possible negligence by the Notary and must be paid back by the Notary if paid out. A Notary E&O policy protects you should you make an unintentional error or omission when notarizing that financially harms the public. The NNA does not offer life or health insurance policies. If you are interested in obtaining a surety bond or E&O from the NNA, please call 1-800-USNOTARY for assistance. firstname.lastname@example.org Oct 2015My state requires a notary surety bond. I purchased E&O. Does this mean my "bond" is included in my E&O. I tried purchasing both, but was refunded for the bond. I'm trying to make sure my legal requirement of having a bond is included in the E&O coverage. (Both show the same amount total of protection)National Notary Association20 Oct 2015Hello. A surety bond is not the same thing as E&O insurance. If you purchased E&O through the NNA and have questions about your purchase, please contact our Customer Care team at 1-800-876-6827 for assistance.Leave a Comment Required * Name * Email *(for verfication purposes only) Comment * Enter the text shown in this image *(text is case sensitive)All comments are reviewed and if approved, will display.