Tennessee Public Adjuster Bond

Bond Penalty: $50,000

A Tennessee public adjuster bond is one of the requirements pursuant to state law for individuals and business entities that seek licensing to offer insurance claims adjustment services in the state. A public adjuster's general responsibilities are, but are not necessarily limited to:

  • Evaluate existing insurance policies in order to determine what coverage might be available to an insured
  • Research, detail, and substantiate damage to proerty and contents and any additional expenses
  • Evaluate business interruption losses and extra expense claims for businesses
  • Determine the settlement value of covered damages
  • Prepare, document and support the claim on behalf of the insured
  • Negotiate a settlement with the claimant's carrier on behalf of an insured
  • Re-open a claim and negotiate for more money if a discrepancy is found after claim settlement

A Tennessee public adjuster bond is a commercial surety bond with and guarantee of indemnity. The bond form obligates the adjuster to, "fully account and pay to the person(s) entitled thereto, all funds belonging to such person which may come into the possession of said Principal through insurance transactions under his Public Insurance Adjuster's license and conduct his or her business as Public Adjuster in full compliance with the insurance laws."

Tennessee surety bond leader, SuretyOne.com is a specialist in the bonding needs of the insurance sector. We offer both surety and fidelity bonds needed by claims professionals in all fifty states, Puerto Rico and the U.S. Virgin Islands. Questions about this surety bond? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat. A Tennessee public adjuster bond is quick, easy and issued same-day.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

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