- Welcome to NNA Surety
-
9350 De Soto Avenue
Chatsworth, CA 91311-4926
-
-
Public Adjuster Surety Bonds
What is a public adjuster surety bond?
A public adjuster is an insurance claims professional who acts on behalf of the policyholder to research and negotiate claims with the insurance company. To operate as an insurance adjuster, a public adjuster bond (also known as an insurance adjuster bond) is required by licensing authorities in certain states.
Why do I need a public adjuster bond?
If your business negotiates insurance claims for your customers, many states will require you to maintain a public adjuster bond as part of their licensing requirements.
Licensing authorities require that certain professions maintain a minimum amount of financial standing in the event of insolvency. Insurance companies offer surety bonds to licensed professionals as a simple way to meet the state financial liability requirements for licensure.
How much does a public adjuster surety bond cost?
Your surety bond premium can range from 1% to 3% of the full bond amount if your financial health is good. In California, you can get a $20,000 insurance adjuster bond for a premium of $100 annually, depending on your qualifying credit history.
| State | Bond Amount | Cost* (Annual Premium) |
|---|---|---|
| California | $20,000 | $100 |
| Delaware | $20,000 | $140 |
| Florida | $50,000 | $500 |
| Georgia | $5,000 | $100 |