New Jersey Public Adjuster Bond

New Jersey Public Adjuster Bond

In order to be licensed as a public adjuster (individual, firm, association, or corporation) within the State of New Jersey, a surety bond must be filed and maintained with the Department of Banking and Insurance.

The Public Adjuster Bond is provided by Jet Insurance Company as an assurance to the Department that consumers/policyholders of the public adjuster will be financially protected from wrongful damages in cases a license violation has been committed.

VIEW YOUR BOND PRICE

The Public Adjuster Bond is available for purchase via Jet’s exclusive monthly payment plan—prices start at just $5 a month!

What Is the Lowest Price for the New Jersey Public Adjuster Bond?

At Jet, the cost of the Public Adjuster Bond is a small percentage of the required $10,000 limit and is based on a soft credit check of the applicant. For instance, prices start at $50 for a one-year bond term or a convenient $5 a month.

Jet also offers multi-year bond terms. Examples of our preferred tier rates may be viewed in the price chart below. 

Bond TermCost
Monthly$5
1 Year$50
2 Years$88
3 Years$125
NJ Public Adjuster Bond Pricing

According to the Department of Banking and Insurance, your public adjuster license must be renewed every two years. With this in mind, Jet provides monthly and multi-year payment plans so that you won’t have to worry about renewing your bond each year to maintain your license.

Why Is the New Jersey Public Adjuster Bond Required? 

According to the New Jersey Department of Banking and Insurance, public adjusters are responsible for acting or aiding an insured consumer in the negotiation and/or settlement of a property or casualty claim. When doing so, the licensee must follow applicable regulations pursuant to the N. J. S. A. Public Adjusters’ Licensing Act, as well as fulfill all contractual obligations. If the public adjuster ends up committing a violation such as negligence, unethical behavior, breach of contract, and/or fraud, the surety bond may act as a means of restitution to any damaged party impacted by the licensee’s negative actions.

How to Apply for the Public Adjuster Bond With Jet

Jet’s application for the New Jersey Public Adjuster Bond is quick and easy! To get started, our team will need some general information, like, your contact details and social security number. No need to worry though—this info is required to run a soft credit check only, so it won’t have an impact on your score.

As soon as your application has been officially submitted, a Jet underwriter will provide you with an approved rate that is available for immediate purchase. Once your purchase has been completed, a copy of your receipt and the bond form will be instantly sent to the email on file. Submitting your bond for filing with the Department will be your next step. Read below for further details.

VIEW YOUR BOND PRICE

How Does the Public Adjuster Bond Get Filed to the New Jersey Department of Banking and Insurance?

The original signed and sealed Public Adjuster Bond form, along with any other required paperwork must be submitted for filing with the New Jersey Department of Banking and Insurance at the following mailing address:

New Jersey Department of Banking and Insurance
Licensing Services Bureau
PO Box 327 
Trenton, NJ 08625

If you are interested, the Jet team can take care of the filing process for you at no extra cost. However, if you would prefer to file the bond form yourself, simply select the option to do so at checkout and follow the filing process stated above.

Public adjuster initial/renewal license applications and other documents can be found on the Department’s Licensing & Education webpage.

How to Renew My Bond

For annually-purchased bonds, see Jet’s process to renew your bond. Hint- it’s simple.

How to Cancel My Bond

See the details surrounding cancelling your bond.

Bond Claim Process

The Jet team goes over what causes a Public Adjuster Bond claim and what happens after a claim is made.

New Jersey Public Adjuster Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: