Florida Public Adjuster Bond

Public adjusters in Florida who want to serve as representatives for clients in insurance claims need to be licensed with the Division of Insurance Agent and Agent Services according to Section 626.851 through 626.8797 of the Florida Statutes. As a part of their licensing process, they need to obtain a bond as it provides an extra layer of safety for your clients and for the licensing authority. It ensures you will adhere to the professional standards in serving your customers.

We recently supported a newly licensed public adjuster in Florida who was preparing to serve clients in insurance claims. Navigating the requirements for obtaining a Florida Public Adjuster Bond was a new challenge for her. We provided step-by-step guidance through the bond application process, emphasizing its importance in establishing credibility with clients and meeting state regulations. By expediting the bonding process, we ensured the adjuster was promptly licensed and ready to serve her clients with confidence and integrity.

The bond amount that Florida public adjusters need to post is $50,000. Your bond price, however, is different. The bond premium is only a fraction of the total amount. If your overall finances are in good shape, you need to pay only 1% - 3% of the bond amount. This means that you might have to pay only $500 - $1,500 to get bonded.

In addition to the bond amount required, several factors impact your bond premium. This highlights the significance of choosing a reputable surety agency for your bond application. Your overall financial standing, including personal credit score, business finances, assets, and liquidity, will be meticulously evaluated. As a result, if identified as a low-risk applicant, you can expect reduced bond premiums.

You can consult our surety bond cost page to find out more details about how your bond price is set.

Lance Surety Bonds operates its Bad Credit Surety Bonds program to help applicants with low credit scores, tax liens, bankruptcies, or civil judgements. You can still get the bond you need, even if your finances aren’t perfect.

The risk in bad credit bonding is higher. That’s why the bonding rates are between 5% and 10%. With us, however, you are still guaranteed a great rate. We work with a number of A-rated, T-listed surety companies. This allows us to shop around for the best bonding option for you.

You can start your bonding process today. Just apply online for a free Florida public adjuster bond quote. Want your exact price? We’ll deliver it in no time after you submit your full application and documents.

If you need more information about the process, you can check our How to Get Bonded page for further details.

For any questions, just call us at (877) 514-5146. Lance Surety Bonds’ experts will provide you with the help you need.

The purpose of your surety bond is to protect your customers. This means it does not function like insurance for your business. In case you engage in unlawful activities and this leads to negative results for another party, they can file a claim against your bond.

If the case against you is proven, you are liable to compensate the claimants. Because of the bonding, your surety will cover the costs at first. However, you need to reimburse it in full afterwards.

Aside from the financial harm, claims can damage your reputation too. After a proven claim, it can also be difficult to get bonded again.