A bond claim against a licensed public adjuster can arise from financial damages caused to their customers. A claim can be detrimental to maintaining the license.
In many states, Credit Services Organizations are required to carry a surety bond as a state-mandated consumer protection tool. Claims can occur, read more about this subject.
As long as union members are being employed, a Wage and Welfare Bond is required. Read the renewal process here.
Surety bonds for permitted work are required to protect the public and/or the regulatory agency issuing the permit. See details on permit bond renewal here.
