The $10,000 notary bond is a requirement for Pennsylvania notaries that protects the customer from suffering a financial loss caused by a mistake made by the notary. Although not required in PA, Notary Errors and Omissions (E&O) Insurance and Signing Agent E&O Insurance protects the notary or signing agent from a lawsuit if a mistake is made during a notarization that causes a financial loss to the customer.
A bond guarantees a notary’s faithful performance of duty. Your bond protects your customers from suffering a loss as a result of negligence. Pennsylvania law requires a notary to carry a $10,000 bond during each four-year commission.
As a member of the Pennsylvania Association of Notaries, we can offer you guidance in your guarantee.
Notary E&O Insurance protects you when you make a mistake that causes your client to suffer a financial loss. It is a common misconception that your notary bond protects you. Your bond protects your customers. You are required to pay the bonding company back if it has to make a payment on a claim.
PAN's Notary E&O Insurance pays your claim first. There is no deductible and you are not required to pay the insurance company back.
Signing Agent E&O Insurance is designed to fill the gaps not covered by traditional Notary E&O Insurance.Learn More