Final answer:
A notary is required to have both a surety bond and errors and omissions insurance. These types of insurance provide different forms of coverage.
Step-by-step explanation:
Yes, a notary is required to have both a surety bond and errors and omissions insurance. These two types of insurance provide different forms of coverage.
A surety bond is a type of insurance that protects the clients of the notary from financial loss arising from the notary's negligence or misconduct. It ensures that the notary will fulfill their duties and responsibilities in a professional manner.
Errors and omissions insurance, on the other hand, protects the notary themselves from liability in case they make a mistake or omission in performing their duties. It provides coverage for legal costs and damages resulting from claims made against the notary.