Notary Bonds California

In California, notaries public are required to obtain a notary bond as part of the process to become a notary. A notary bond is a type of insurance that protects the public from any financial loss resulting from the notary’s misconduct or negligence.

The following are the requirements for notary bonds in California:

The notary bond must be in the amount of $15,000.
The bond must be issued by a surety company licensed to do business in California.
The bond must be filed with the county clerk of the county in which the notary public is commissioned.
The bond must be valid for the duration of the notary public’s commission, which is typically four years.
The cost of the bond varies depending on the surety company issuing the bond, but it is typically around $40-$60 per year.

It’s important to note that a notary bond is not the same as notary insurance. Notary insurance is an optional type of insurance that provides additional protection for notaries public in case they are sued for their actions as a notary. Notary bonds are required by law in California, but notary insurance is optional.

Notary Bonds In Wisconsin

In Wisconsin, notaries public are not required to obtain a notary bond as a condition of their commission. However, notaries public in Wisconsin are required to take an oath of office and file an official bond with the county clerk’s office.

The official bond is a type of insurance that protects the public from any financial loss resulting from the notary’s misconduct or negligence. The bond must be in the amount of $500 and is valid for the duration of the notary public’s commission, which is typically four years.

The official bond can be obtained from any surety company authorized to do business in Wisconsin. The cost of the bond varies depending on the surety company issuing the bond, but it is typically around $50-$100 per year.

While notaries public in Wisconsin are not required to obtain a notary bond, having one can provide additional protection for both the notary and the public. If a notary public is sued for their actions as a notary, having a notary bond can help cover the costs of legal fees and damages awarded in the lawsuit.

Notary Bond Missouri

In Missouri, notaries public are required to obtain a notary bond as part of the process to become a notary. A notary bond is a type of insurance that protects the public from any financial loss resulting from the notary’s misconduct or negligence.

The following are the requirements for notary bonds in Missouri:

The notary bond must be in the amount of $10,000.
The bond must be issued by a surety company authorized to do business in Missouri.
The bond must be filed with the Secretary of State’s office.
The bond must be valid for the duration of the notary public’s commission, which is typically four years.
The cost of the bond varies depending on the surety company issuing the bond, but it is typically around $50-$100 per year.

Notary Bond Insurance

Notary bond insurance and notary errors and omissions (E&O) insurance are two different types of insurance that provide different types of coverage.

A notary bond is a type of insurance that protects the public from any financial loss resulting from a notary’s misconduct or negligence. Notaries are required by law to obtain a bond in many states, and the bond amount varies depending on the state. If a notary public is sued for their actions as a notary, the bond can help cover the costs of legal fees and damages awarded in the lawsuit.

Notary E&O insurance, on the other hand, provides protection for the notary public themselves in case they make an error or omission while performing their duties as a notary. This type of insurance covers the notary’s legal defense fees and any damages awarded in a lawsuit resulting from their mistake.

While notary bonds are required by law in many states, notary E&O insurance is optional. However, many notaries choose to purchase E&O insurance as an additional layer of protection for themselves and their clients. The cost of notary E&O insurance varies depending on the policy limit and deductible, among other factors. More About Notary Bond Insurance