Tennessee Public Adjuster Surety Bond

Becoming a Tennessee public adjuster

To become a licensed Tennessee public adjuster, you’ll need to get licensed and purchase a surety bond. Adjusters are licensed by the Tennessee Department of Commerce & Insurance, but as in many states, applicants submit their information through the National Insurance Producer Registry (NIPR). Public adjusters need to meet some eligibility criteria:

• At least 18 years old
• Resident of Tennessee or eligible for a non-resident license
• Trustworthy and of good reputation
• Maintains an office with regular business hours and/or availability by appointment

Tennessee public adjuster applicants also need to pass a licensing exam. Businesses obtaining this license must designate a public adjuster responsible for the business’s legal compliance.

Licensed adjusters must maintain a $50,000 surety bond and $500,000 in errors and omissions insurance. Public adjusters’ license fee is $100, and applicants also undergo a fingerprint background check. Licenses are valid for two years.

How much does this bond cost?

Tennessee public adjusters need to get a $50,000 surety bond—but that’s far from the actual price you’ll pay for your bond. You’ll pay a premium that’s dependent on a review of your financial history and the bond’s term. With good credit, you could pay as little as $500 for your public adjuster bond.

The surety bond is the licensee’s promise that they will conduct business according to the Tennessee Public Adjuster Licensing Act of 2006. If you violate any of those laws or any other laws the public adjuster license is subject to, a claim may be brought against the bond. If any claims are proven and paid out by the surety, you must reimburse the surety for those claims.

Get in touch with Absolute Surety today for your free Tennessee public adjuster bond quote!