Maryland Public Adjuster Bond – Everything You Need to Know

If you are applying for or renewing a public adjuster license in Maryland, you are required to obtain a Maryland Public Adjuster Bond as part of the licensing process. This bond serves as a financial guarantee that you will follow Maryland’s insurance regulations and act ethically when representing policyholders in insurance claims.

I’ve worked with many public adjusters in Maryland, and I’ve found that understanding the bonding requirement early helps avoid licensing delays and compliance issues. Let’s go over why this bond is necessary, how much it costs, and how you can get it quickly.

What Is a Maryland Public Adjuster Bond?

A Maryland Public Adjuster Bond is a type of surety bond required by the Maryland Insurance Administration (MIA) for individuals and businesses that act as public adjusters.

This bond protects consumers and insurance companies by ensuring that public adjusters comply with Maryland’s insurance laws and ethical business practices. If a public adjuster engages in fraudulent, deceptive, or illegal practices, a claim can be made against the bond to compensate affected parties.

Key Features of the Bond:

✔ Required for licensing as a public adjuster in Maryland
✔ Ensures compliance with Maryland’s insurance laws
✔ Protects policyholders and insurance companies from fraud or misconduct
✔ Provides financial compensation if a public adjuster violates regulations

Without this bond, you cannot legally operate as a public adjuster in Maryland.

Who Needs a Maryland Public Adjuster Bond?

You must obtain a Public Adjuster Bond if you:

• Apply for a new public adjuster license in Maryland

• Renew your existing public adjuster license

• Operate as an independent or firm-based public adjuster

• Represent policyholders in insurance claim settlements

Who Is Required to Get This Bond?

• Independent public adjusters

• Public adjusting firms

• Licensed adjusters representing policyholders

This bond does not apply to insurance company adjusters or independent adjusters working for insurers. It is specifically required for adjusters representing policyholders in claims against insurance companies.

Why Is a Public Adjuster Bond Required in Maryland?

This bond is required to protect policyholders and ensure ethical business practices within the public adjusting industry.

What Does the Bond Guarantee?

✅ Honest and ethical handling of insurance claims
✅ Compliance with Maryland’s insurance laws and regulations
✅ Financial protection for policyholders in cases of fraud or misconduct
✅ Accountability for public adjusters who fail to meet contractual obligations

If a public adjuster misrepresents a claim, mishandles funds, or violates insurance laws, a claim can be filed against the bond. The surety company may compensate the affected party, and the adjuster must repay the surety for any covered losses.

How Much Does a Maryland Public Adjuster Bond Cost?

The bond amount required by Maryland varies, but typically falls between $5,000 and $50,000, depending on the adjuster’s licensing status and business size.

Typical Bond Premiums:

✅ $100 – $500 per year, depending on financial history and bond amount

Factors That Affect Pricing:

✔ Bond Amount Required – Higher bond amounts may have slightly higher premiums
✔ Credit Score – Higher scores often result in lower premiums
✔ Business Experience – Established adjusters may qualify for better rates
✔ Bond Provider – Different sureties offer different pricing

For most public adjusters, this bond is affordable and easy to obtain, often with instant approval and minimal paperwork.

How to Get a Maryland Public Adjuster Bond

Getting a Public Adjuster Bond in Maryland is a quick and simple process.

Step-by-Step Process:

1️⃣ Confirm the bond amount required – Check with the Maryland Insurance Administration (MIA).
2️⃣ Find a reputable surety provider – Work with a licensed provider offering competitive rates.
3️⃣ Complete an application – Provide business and licensing details.
4️⃣ Pay the bond premium – Typically $100 – $500 per year, depending on qualifications.
5️⃣ Receive your bond – Submit it to the Maryland Insurance Administration as part of your licensing paperwork.

Many adjusters can get instant approval and obtain their bond within minutes, allowing them to meet licensing requirements without delays.

What Happens If You Don’t Have a Bond?

If you fail to obtain or maintain a valid Public Adjuster Bond, you may face:

❌ Denial or revocation of your public adjuster license
❌ Inability to legally practice as a public adjuster
❌ Fines or penalties from the Maryland Insurance Administration
❌ Legal and financial liability for insurance claim mismanagement

Since this bond is mandatory for licensing, failing to secure it can jeopardize your ability to work as a public adjuster in Maryland.

Common Myths About the Public Adjuster Bond

I’ve worked with many public adjusters who have misconceptions about how surety bonds work. Let’s clear up some common myths:

🚫 “The bond protects my business.”
✅ Fact: The bond protects policyholders and the state, not the adjuster.

🚫 “I need to pay the full bond amount upfront.”
✅ Fact: You only pay a small percentage (typically $100 – $500 per year).

🚫 “A bond is the same as insurance.”
✅ Fact: A surety bond is not insurance—it is a guarantee that you will comply with state regulations.

🚫 “Only large public adjusting firms need this bond.”
✅ Fact: Any licensed public adjuster in Maryland, regardless of company size, may be required to obtain this bond.

Why Work With Us?

I’ve helped many public adjusters in Maryland secure their bonds quickly and affordably, and I understand the challenges of meeting state insurance regulations. That’s why we make the bonding process fast, simple, and hassle-free.

When You Work With Us, You Get:

✔ Instant Approvals – Many bonds issued the same day
✔ Competitive Rates – Affordable pricing with no hidden fees
✔ Trusted Surety Providers – Backed by A-rated carriers
✔ Expert Assistance – Help from professionals who understand Maryland’s bonding requirements

If you need a Maryland Public Adjuster Bond, I’m here to help. Let’s get your bond issued quickly and at the best rate, so you can stay compliant and focus on helping policyholders.

👉 Get a free quote today!