Wisconsin Public Adjuster Bond

In order to be registered as a public adjuster (resident or non-resident) in the State of Wisconsin, license applicants must file a $20,000 Public Adjuster Bond with the Office of the Commissioner of Insurance (OCI).

QUOTE

The Public Adjuster Bond is provided by Jet as a financial assurance to the State that the licensee will comply with Wisconsin regulations. If the licensee engages in unethical or fraudulent conduct, the bond may be used as a form of restitution by any damaged party involved (the State or a Wisconsin resident).

What Is the Lowest Price for the Wisconsin Public Adjuster Bond?

Our prices at Jet Insurance Company are a small percentage of the bond limit and are based on a soft credit check of the applicant. Eligible individuals seeking a $20,000 Public Adjuster Bond will see instant pricing online and can choose monthly or multi-year options at checkout.

Take a look at the chart below for details on our best rates.

Bond TermCost
Monthly $15
1 Year$150
2 Year$263
3 Year$375
WI Public Adjuster Bond Pricing

As a public adjuster, the Office of the Commissioner of Insurance requires registrants to maintain the Public Adjuster Bond for the entirety of their registration period. With this in mind, our monthly or multi-year plans are perfect options for those seeking a career as a public adjuster.

Why Is the Wisconsin Public Adjuster Bond Required?

A public adjuster is in charge of assisting individuals with insurance claims. Tasks may include preparing, completing, or filing a claim, as well as negotiating the settlement of a claim. Due to the complicated nature of the insurance business, public adjusters must follow very specific regulations when assisting policyholders throughout claim proceedings. The claimant is typically in a vulnerable state during the process as well. To ensure that rules are followed and policyholder obligations are fulfilled, the Wisconsin Office of the Commissioner of Insurance (OCI) requires licensees in the field to obtain a Public Adjuster Bond. The bond financially protects the claimant in rare cases where negligence, deceitful business practices, or fraud are committed.

How to Apply for the Wisconsin Public Adjuster Bond With Jet

You can apply for the Public Adjuster Bond conveniently online or you can give our team a call at (855) 516-3348. To begin, the application will require some general information from you. In particular, Jet will need your contact details and social security number. No need to worry about providing your social, the credit check is soft, so there is no impact to your score nor will it appear on your credit report.

Once your completed application has been submitted, a Jet underwriter will conduct a quick review. Approved rate options will then be sent to your email that are ready for immediate purchase. Simply choose the best payment plan for you and purchase your bond. You'll receive a copy of your receipt and bond form as soon as this last step has been fulfilled. For more information on how to file your bond, read below.

How Does Filing the Public Adjuster Bond Work?

Jet can file your surety bond for you free of charge! However, if you would prefer to file the bond form yourself along with any other requird paperwork, the option to do so may be selected at check out.

The original signed and sealed Public Adjuster Bond form must be submitted to the Office of the Commissioner of Insurance at the following mailing address:

Office of the Commissioner of Insurance Agent Licensing
ATTN: Public Adjuster Bond
P.O. Box 7872
Madison, WI 53707-7872

Wisconsin also requires public adjusters to file their client contract form with OCI prior to performing services.

How Does a Public Adjuster Avoid Wisconsin Surety Claims?

Public adjusters are expected to comply with Wis. Stat ch. 629 (Public Adjusters), as it applies to the ins and outs of their registration regulations. If the statutes are violated, OCI may take administrative action and/or file a bond claim.

Causes for a claims on the Public Adjuster Bond typically derive from the registrant behaving unethically. For instance, accepting payment, favors, or any other thing of value from a client for services that have not been performed is a violation. Policyholders that feel they have been financially damaged due to transgression may file a complaint with OCI. If the investigated complaint is found to be valid, the State may file a bond claim on behalf of the damaged party. Funds from the Public Adjuster Bond will be used to cover any losses that were incurred by the harmed claimant.

Want to Know More About Public Adjuster Bond Processes? See Our Articles Below.

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

Find out what causes a claim as a public adjuster and what happens after a claim is made.

Public Adjuster Bond Form Example

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: