If you plan to work as a public adjuster in a state that requires public adjusters to be licensed, you’ll need to purchase a public adjuster surety bond in the amount required by the particular state. Depending on the state, that could be as little as $1,000 or as much as $50,000. This amount is known as the bond’s “penal sum” and is the maximum amount that will be paid out on a single claim.
The bond must be renewed at the end of its term, which typically is either one year or two. If your bond is cancelled or lapses, your public adjuster license could be suspended or revoked.
