The following are the most common questions asked by our customers regarding notary bonds. However, if your question is not listed below feel free to contact us to receive an answer to your question.
What is a Florida notary bond?
In order to apply for a notary commission and execute the duties of a notary public, you are required to obtain a $7,500 bond issued by a bonding agency authorized to conduct business in the state of Florida. The notary bond must be maintained throughout the entire 4-year term of office. The Florida notary bond protects the public against any financial loss due to improper conduct by a Florida notary. Keep in mind, the Florida notary bond protects the public, not the Florida notary. For protection as a notary, consider notary errors & omissions insurance.
What is the amount of a Florida notary bond?
A Florida notary bond is $7,500.
How much does a Florida notary bond cost?
A $7,500, 4-year notary bond in the state of Florida costs $28 through Budget Notary Services.
Where can I get a Florida notary bond?
How do I get a Florida notary bond?
How do I file my Florida notary bond?
If you choose Budget Notary Services as your bonding agent, within 24-hours of receiving your completed packet we hand deliver your Florida notary bond, along with your Florida notary application, to the Secretary of State's office.
How long is my Florida notary bond in effect?
A Florida notary bond is effective for the entire 4 years of your Florida notary commission.
How much bond coverage does a Florida notary need?
The bond amount is set by statute through the Florida legislature. Keep in mind, the notary bond only protects the public, not the notary. Notary Errors & Omissions insurance protects the notary and offers different coverage options.
What happens if someone makes a claim against my Florida notary bond?
Your surety company's claim department will investigate the claim. They will contact you to gather information about the transaction in question. They may ask for a copy of your notary journal record for the notarization and any other facts that may help them determine the basis for the claim. A pending claim does not always mean there will be financial loss for the notary. Your surety company may find the claim not to be legitimate, or they may deny the claim. However, if the claim has merit, your surety company will negotiate a settlement or pay the full amount of the bond.
Important: You may be held responsible for repaying any amount the surety pays to satisfy the claim, including defense costs. Remember, the notary bond protects the public, not the notary. We highly recommend all notaries purchase notary errors & omissions insurance to guard against potential financial loss due to an innocent mistake.