In Arizona, all notaries are required to buy and maintain a $5,000 notary surety bond that must be valid for their full four-year commission. The notary bond offers protection against monetary losses that are caused by improper conduct by an Arizona notary, however, the bond does not offer insurance protection. For additional protection, a notary can purchase and errors and omissions (E&O) insurance policy that protects the notary against unintended errors or omissions that cause financial harm to others. For example, E&O insurance protects against the following scenarios:
- Having your name placed in a lawsuit, even if you’re completely innocent
- Protection against a criminal falsifying your commission information in order to forge your signature on a document without your permission or knowledge
If you’re looking for further protection as a notary, contact Lifetime Investments—which serves Mesa, AZ.
Step One: Purchase a four-year, $5,000 notary bond
You must fill out an application with the Arizona Secretary of State’s website to become a notary. You’ll be asked for your notary bond number, the notary bond issue date and effective date, and the bonding company name.
The bond effective date on your application must be within the 30-day period between when you purchase the bond and the state receives your application.
Step Two: Finish and Print Your Notary Application
After completing your online application, print out the paperwork, take it to a notary and have them execute an “Oath of Office,” which you’ll sign, and then mail the application and notary bond to the Arizona Secretary of State.
Step Three: Order Your Supplies
Finally, you can order your notary supplies, such as a record book and a self-inking stamp. After this, you’re ready to begin!
If you’re looking for further protection as a notary, contact Lifetime Investments, which serves Mesa, AZ, for information on E&O insurance. Some of the benefits of E&O insurance include:
- Legal representation by an expert in notary law
- Your legal fees, claim, and court costs are paid for
- You often don’t have to pay a deductible or pay back any losses