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Independent Adjuster Bond

  • Get your independent adjuster bond today
  • Outstanding bonding rates across the U.S.
  • Bad credit program

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What Is an Independent Adjuster Bond?

In a number of states, independent insurance adjusters are required to get an independent adjuster bond in order to obtain their state license.

The purpose of the surety bond is to ensure that adjusters will follow the laws that govern their trade in all their activities. It acts as protection for the state, and the general public, from fraud and misuse on the side of insurance adjusters.

The independent adjuster bond works just like other surety bonds do. In practical terms, it constitutes a contract between three parties. Your insurance adjuster business is the principal who needs the bond. The state authority that requires the bonding is the obligee. The surety is the third party that provides the bond and backs the principal.

Questions about Independent Adjuster Bond

Who needs to obtain an independent adjuster bond?

If you’d like to operate as an independent adjuster, in a number of states you will be required to post a license bond to be allowed to work legally.

Some of the states in which you need an independent adjuster bond include New Mexico, New York, and California, among others. The best approach is to check with your state authority for your exact licensing requirements before you start the licensing process.

How much does an independent adjuster bond cost?

Your adjuster bond price is determined on the basis of the bond amount that you are asked to provide. As these amounts differ among states, you should check the specific bond amount that’s required by the state authority in your case. In the table below you can find some of the bonding amounts across the U.S.

Your bond premium is only a percentage of the bond amount you need to post. If you qualify for the standard bonding market, you can expect a rate of 1% to 5%. Thus, for a $10,000 bond, you can pay as low as $100 to $500.

Your exact bond price can be determined once you apply for a bond through your surety. The surety needs to examine your personal credit score, business finances, and assets and liquidity. Your professional experience may also be a factor. If your overall finances are strong, you can expect to pay less for your independent adjuster bond.

You can consult our surety bond cost page for a complete overview of how your bond price is formulated.

Independent Adjuster Bond Cost Based On Credit Score
State and Bond Name Surety Bond Amount Above 700 Between 650-699 Between 600-649 Below 599
New York independent adjuster bond $10,000 $100-$150 $100-$250 $250-$500 $500-$1,000
California private insurance adjuster bond $2,000 $100 $100-$125 $100-$150 $100-$200
New Mexico independent adjuster bond $1,000 $100 $100-$125 $100-$150 $100-$150

Can I get bonded with bad credit?

Getting your independent adjuster bond if your finances are problematic can be an uphill battle. That’s why here at Lance Surety Bonds, we offer our Bad Credit Surety Bonds program. It’s designed to assist bond applicants with low credit scores, tax liens, bankruptcies, or civil judgements to get the bond they need.

The usual bad credit bonding premiums for independent adjuster bonds are in the range of 5% and 10%. The price is higher in order to compensate for the increased risk in the bonding. Since we have close partnerships with a number of A-rated, T-listed surety companies, we are able to find the best matching bond option for your case.

How do I get my independent adjuster bond?

If you are prepared to start your licensing and bonding process, you can apply online immediately for a free independent adjuster bond quote. After you submit a full application with all necessary paperwork, we’ll get your exact bond price in no time.

Our How to Get Bonded page is a great resource on what the bonding process looks like.

Need help or have questions? Just call us at (877) 514-5146. Lance Surety Bonds’ experts are here to help.

How are bond claims handled for independent adjuster bonds?

Since your independent adjuster bond is not insurance for your company, you can face a claim on the bond if you do not follow your obligations under the law. If the claim is proven, your surety will need to reimburse affected parties up to the penal sum of the claim. You are then expected to repay the surety in full.

As this illustrates, claims can be a heavy financial burden for your business. They can harm your reputation, and can be an obstacle for getting bonded in the future.

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What Our Clients Have To Say?




Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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