Your Bond protects the Public... it is the FIRST thing the suing party attacks and the first thing that is emptied to pay the successful suing party. The E&O is for the Notary to help fight the lawsuit and/or mitigate your damages. You need both... however, if you are a Notary working inside a company (Insurance, Bank, etc) you would probably buy the least amount of E&O say $15K. If you are an NSA and wish to work directly for Title/Escrow and Lenders, you will need a minimum $100K but if working only for Signing Services, you could get a lower E&O amount of $25K or $50K |