Many notaries mistakenly believe that their Notary Bond provides liability protection. However, this is not the case. Your notary bond protects the public, not the Notary.
Like most notaries, you are not in a position to pay for a lawsuit or legal fees that may result from an unintentional error. Having Errors and Omissions Insurance will protect your interests and assets from timely and expensive legal issues. Often these issues arise due to human error. However, as a Notary you are liable and will be required to pay any and all damaged resulting from any improper notarization.