Illinois public adjuster business bonds.
$500 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 $500 flat, identical for every firm — and license bonds like this issue instantly.

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Required for an Illinois public adjuster business (firm) license under 215 ILCS 5, Article XLV

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Fixed amount, fixed price — $50,000 bond, $500, no quote process

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Multi-year terms available — set it up once, forget it for up to 3 years

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

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How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Your firm's details, FEIN, and an effective date. That's the application — no financials, no credit section.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase.

SAME DAY

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.

About this bond

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 $500, and the application collects no credit information.

Illinois Insurance Code (215 ILCS 5, Article XLV)Under Article XLV of the Illinois Insurance Code (215 ILCS 5), a public adjuster — including a business entity — must file a surety bond with the Department of Insurance as a condition of licensure. Effective for 2024 the required amount is $50,000. The bond runs to the People of the State of Illinois, is continuous, and may be canceled by the surety on 30 days' written notice to the Director.

You need this bond if you're

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A public adjuster firm applying for an Illinois business-entity adjuster license

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Renewing a firm license whose $50,000 bond is expiring or was non-renewed

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Forming an adjusting company alongside individually licensed adjusters

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An out-of-state firm getting licensed to adjust Illinois claims

One application, issued instantly.

These are the actual issuing fields, including your firm's FEIN to print on the bond — the application collects no credit information for this bond.

Start the application →

FAQ

Common questions.

How much is the Illinois public adjuster business bond?The premium is $500 flat on the fixed $50,000 bond amount, the same for every firm. The $50,000 is set by statute, so there is no quote process.

Do I pay the $50,000?No. You pay $500. The $50,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Is this the business or individual bond?This is the bond for a public adjuster business entity (firm). Individually licensed adjusters file their own $50,000 bond; if you need both, ask us and we'll set them up together.

Is there a credit check?The application collects no credit information at all — fixed-amount license bonds like this don't need it. Most applications approve instantly.

When does it renew?It is a continuous bond that must stay active for your firm license. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Illinois bonds.

Finish your firm license checklist today.

$500 flat, no credit review, bond often issued in the same sitting. Free until issued.

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Your price$500

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