You seem to be mixing together the idea of a bond, which is required for notaries in some states, and errors and omissions insurance, which is optional insurance to protect you against liability claims in case you make a notary-related mistake (or someone claims you made a notary-related mistake).
For CA, most notaries need to file a bond. I don't know the amount, but it will be the same for everybody whether one is an NSA or not. There is no advantage to getting a larger bond, because it doesn't protect you, it protects the public. If a successful claim is made and the bonding company pays the claim, you will have to reimburse the bonding company.
The errors and omissions insurance company will supply a lawyer to handle your case if you are sued for something that the insurance covers, and if you lose, they will pay the claim, up t the amount of the insurance. You won't have to reimburse them. This is optional in nearly all states, but quite a few title companies and signing agencies won't give you any assignments unless you have it. |