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California Public Insurance Adjusters are required under the Insurance Code Chapter 2, Division 5 and Chapter 2, Title 14, Part 2 of the Code of Civil Proceudre to file a California Public Insurance Adjuster Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Public Insurance Adjuster Bond holds you accountable for your business decisions.
By possessing a California Public Insurance Adjuster Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.