This bond is required for insurance adjusters who want to work legally in New York State. An adjuster is someone who investigates and settles insurance claims when you file for damages or losses. The state requires adjusters to have this $1,000 bond as a form of financial protection for the public. If an adjuster acts…
Overview
What it is.
This bond is required for insurance adjusters who want to work legally in New York State. An adjuster is someone who investigates and settles insurance claims when you file for damages or losses. The state requires adjusters to have this $1,000 bond as a form of financial protection for the public. If an adjuster acts…
Who usually needs it
Individuals or entities licensed as independent insurance adjusters (including corporate licensees covering their sub-licensees) or public adjusters in New York State must obtain this bond as a licensing prerequisite. Independent insurance adjusters investigating and adjusting claims for insurance companies require a $1,000 bond, as do public adjusters (bot…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNYBond amount$1,000ObligeePeople of the State of New YorkBond classLicense BondCategoryOtherBondState of New York - Adjuster's BondPlain descriptionThis bond is required for insurance adjusters who want to work legally in New York State. An adjuster is someone who investigates and settles insurance claims when you file for damages or losses. The state requires adju…Who needs this bondIndividuals or entities licensed as independent insurance adjusters (including corporate licensees covering their sub-licensees) or public adjusters in New York State must obtain this bond as a licensing prerequisite. I…
