Public Adjuster Bonds
A Public Adjuster Bond is required for licensed public adjusters to legally represent policyholders during the insurance claims process. This bond protects consumers and ensures public adjusters comply with state laws, ethical standards, and professional responsibilities.
Apply below, call our Commercial Department at 407-786-7770 or email us at [email protected]
Why You Need a Public Adjuster Bond
A Public Adjuster Bond is required to:
- Comply with state licensing regulations
Protect consumers from financial misconduct - Demonstrate credibility and professionalism
- Maintain active licensure
- Avoid fines, penalties, or license suspension
- Without a valid bond, a public adjuster may be prohibited from legally practicing.
Public Adjuster Bond FAQs
These are some of the most common questions asked about Public Adjuster Bonds and how they work.
A Public Adjuster Bond is a type of license and permit surety bond mandated by state insurance departments. It guarantees that a public adjuster will act honestly, follow state regulations, and properly handle client funds and insurance claims.
If a public adjuster engages in fraud, misrepresentation, or violates licensing laws, a claim may be filed against the bond to compensate the harmed party.
Public Adjuster Bonds are priced as a small percentage of the bond amount, typically 1%–10% annually, based on:
The bond amount required by the state
Credit score and financial strength
Industry experience
Claims history
For example, a $10,000 Public Adjuster Bond may cost as little as $100 per year for qualified applicants.
Public Adjuster Bonds are three-party agreements involving:
Principal: The public adjuster or adjusting firm
Obligee: The state insurance department
Surety: The bonding company issuing the bond
If a valid claim is filed due to misconduct or regulatory violations, the surety pays damages up to the bond limit. The adjuster must reimburse the surety for any amount paid.
Public Adjuster Bonds are typically required for:
Individual licensed public adjusters
Public adjusting firms
Independent adjusters representing policyholders
Adjusters handling residential or commercial property claims
Bond requirements, including bond amounts, vary by state and must remain active to maintain licensure.
Call us at 407-786-7770 or email us at [email protected]