Why Do You Need Claims Adjuster Insurance?
Whether you’re helping policyholders with their claim or assessing damages for insurers, the nature of your work means you face unique risks every day.
Who Needs Insurance for Adjusting Claims?
- Independent insurance adjusters
- Public adjusters
- Company adjusters
What Type of Insurance Do I Need for Claims Adjusting?
To safeguard their business, many claims adjusters start with a Business Owner’s Policy (BOP) for the peace of mind it offers.
A BOP combines three types of coverage to help protect you against bodily injury and property damage claims:
You may need to get other types of insurance for added protection. For example, data breach insurance can help you respond and recover from a breach. In some cases, your claims adjusting business may need to carry certain coverage if it’s required by your state, such as workers’ compensation insurance.
How Much Does Insurance Adjuster Insurance Cost?
The cost of insurance adjuster insurance varies because every business owner has unique needs. Here are the average costs customers of The Hartford pay for a few common types of insurance:**
- BOP: $1,687 a year, or about $141 a month
- Standalone general liability insurance: $810 a year, or about $68 a month
- Workers’ compensation insurance: $1,032 a year, or about $86 a month
It’s important to remember that costs vary because every small business owner has unique needs. Insurers also use different factors when determining rates. So, what you pay may be different than the average. The best way to find out how much your insurance costs will be is to get a quote.
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Data Breach Insurance
“Our firm experienced a data breach that put sensitive client information at risk. We handle a lot of private data, such as policy details, claims information and personal contact info. Knowing it could’ve fallen into the wrong hands was a nightmare.”
Data breach insurance helps you respond to a breach if personally identifiable information (PII) or protected health information (PHI) gets lost or stolen. This coverage can help you respond and recover from a breach if a hacker breaks into your network or an employee accidentally leaves their laptop at a restaurant.
Multinational Insurance
“As our business expanded internationally, we quickly realized how complex things could get. We were handling claims across different countries, each with its own regulations, and it wasn’t long before we ran into an issue with a large overseas client. A misunderstanding over local laws and requirements led to a dispute.”
Multinational insurance protects U.S.-based businesses that have locations outside of the U.S. or operate throughout the world. The Hartford’s products provide coverage in more than 220 countries through a single point of contact.
Workers’ Compensation Insurance
“One of our adjusters slipped and injured their back while on a job site. What started as a routine visit to assess damage quickly turned into something serious. They needed medical attention, physical therapy and time off to recover.”
Workers’ compensation insurance gives your claims adjusting team benefits to help them recover from work-related injuries or illnesses. It can help pay their medical bills and replace lost wages if they can’t work. Your employees’ health and wellness are important, so we created a network of over 1 million providers and 65,000 pharmacies for your workers to access.
Employment Practices Liability Insurance
“My senior claims adjuster was deciding whether we needed to switch to another servicing platform. We opted to stay with our current vendor, but the other company clearly wasn’t happy since they sued my adjuster for harassment. It took a lot of time to deal with the claim and caused a ton of stress.”
Employment practices liability insurance (EPLI) helps protect your business from employment-related claims, like wrongful termination, discrimination and harassment. Unlike other insurers, The Hartford’s EPLI coverage also helps protect you from claims filed by a third-party.
Commercial Property Insurance
“An electrical fire broke out overnight in our building. By the time it was reported and extinguished, the office was gutted. We lost equipment, furniture … everything.”
Commercial property insurance helps protect the equipment, furniture, inventory and supplies you use to operate your claims adjusting business. It can help pay the cost to repair or replace damaged property.
Commercial Auto Insurance
“I was driving our company car to a client’s house to verify damages and take pictures for their claim. As I was driving, another car didn’t see me and started making a turn. We ended up crashing into each other, and our company car was totaled.”
Commercial auto insurance helps protect you and your employees on the road when driving a company-owned vehicle for work. It can help cover claims of property damage or bodily injury from an accident.
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More Answers to Frequently Asked Business Insurance Questions
Last Updated: April 9, 2025
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
This page outlines in general terms the coverages that may be afforded under a policy from The Hartford. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail.
All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc. In Arizona, California, New Hampshire, Texas, and Washington by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident & Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Pacific Insurance Company, Limited, Sentinel Insurance Company, LTD (CA license #8701), Hartford Lloyd's Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Trumbull Insurance Company, Hartford Insurance Company of the Southeast, and Property & Casualty Insurance Company of Hartford and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.
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