How Much Is Business Insurance
for Insurance Claims Adjusters?

As an independent claims adjuster, you understand insurance. You also know you'll need insurance to protect you from third-party property damage lawsuits, pay for professional liability disputes, and fulfill your state Workers' Comp requirements.

These sample insurance quotes show a range of insurance premiums that represent the typical annual costs for claims adjusters. Being an insurance professional, you understand that insurance costs depend on each business's liabilities and past insurance history.

Note: These numbers are rough estimates. Your actual premiums may vary.

HOW MUCH IS
a Business Owner's Policy?

What Does a Business Owner's Policy Cost?

Many claims adjusters can qualify for lower insurance premiums by signing up for a Business Owner's Policy, which packages General Liability and Property Insurance together at a discount.

GL Insurance covers lawsuits from third parties (claimants, property owners, and insurers) who sue you over property damage, bodily injury, or reputational damage. Claims adjusters frequently work in dangerous environments, often traveling to the location of a fire, theft, or natural disaster. If a claimant trips over your ladder, or is hurt by a piece of debris you've moved, GL would cover the cost of your lawsuit.

BOP Property Insurance will protect your work property — office equipment, computers, and other property owned by your business — from theft, fire, and other covered damages under your policy.

The typical Business Owner's Policy costs $212 to $500 in annual premiums.

Average Premiums, Deductibles and Limits on Business Owner's Policies for Adjusters
Name USD

Median policy premium:

$212 - $500

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

Varies

HOW MUCH IS
Errors and Omissions Insurance?

How Much Is Errors and Omissions Insurance?

Claims adjusters and insurance professionals can get an Errors and Omissions Insurance (also called Professional Liability Insurance) policy that will specifically cover them from lawsuits about mishandled claims, botched investigations, errors in reports, software glitches, and other mix-ups. E&O is your "malpractice" insurance. Imagine that your business mishandles a claim. Because of how much money is at stake in a claim, the insurer (or claimant) could file a lawsuit seeking exorbitant damages. Fortunately, E&O covers a claims adjuster's professional liability lawsuits.

The typical Errors and Omissions Insurance policy for claims adjusters costs $3,759 to $4,162.

Average Premiums, Deductibles and Limits on Errors & Omissions Insurance for Adjusters
Name USD

Median policy premium:

$3,750 - $4,162

Aggregate limit:

$3,000,000

Median policy deductible:

$2,500

To see how the cost of Errors and Omissions Insurance for claims adjusters compares with other industries, visit Insureon's Professional Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Workers' Compensation?

How Much Is Workers' Compensation Insurance?

Depending on your state laws, your business could be required to have Workers' Compensation Insurance (also called Workman's Comp), even if you're the only employee. Workers' Comp pays for medical bills, lost wages, and physical therapy. It can even cover your legal expenses when an employee is injured on the job.

Workers' Compensation Insurance typically starts at $704 for claims adjusters.

Average Premiums, Deductibles and Limits on Workers' Compensation Policies for Adjusters
Name USD

Median policy premium:

$704

Accidental limit:

$1,000,000

Median policy deductible:

Varies

To see how the cost of Workers' Compensation Insurance for claims adjusters compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Free Insurance Quotes for Independent Claims Adjusters?

Free Insurance Quotes for Independent Claims Adjusters

You can receive a quick-and-easy insurance quote by filling out our online insurance application for claims adjusters. The insurance form only takes a few minutes and our claims adjuster insurance agents will handle your application, sending you a variety of free quotes to choose from.

Grab-n-Go Information

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