Illinois public adjuster business bonds.
$350 flat.
Illinois requires a public adjuster business entity to file a $50,000 bond with the Department of Insurance for its firm license. Ours is $350 flat, identical for every firm — and license bonds like this issue instantly.
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How much does an Illinois public adjuster business bond cost?
$350 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Your firm's details, FEIN, and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the Department of Insurance
Your executed bond arrives by email, ready to file with your public adjuster business license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Illinois licenses public adjusters — including business entities (firms) — through the Department of Insurance under Article XLV of the Insurance Code (215 ILCS 5). A public adjuster negotiates insurance claims on behalf of policyholders, often handling claim funds, so the state conditions the license on a surety bond.
The bond is a policyholder-protection guarantee: it stands behind the firm's compliance with the public adjuster law and its proper handling of the money it manages on clients' behalf. The obligee is the People of the State of Illinois, and harmed clients are the protected parties. Effective for 2024, the required amount is $50,000.
It is a continuous bond — it stays in force until canceled (a surety must give the Director 30 days' written notice to cancel). If the firm mishandles client funds or violates adjuster law and a claim is paid, the firm repays the surety. We issue the $50,000 bond at a flat $350, and no credit check.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Insurance. Your executed bond arrives by email, ready to file with your public adjuster business license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $350 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your firm license checklist today.
$350 flat, no credit check, bond often issued in the same sitting. Free until issued.