An Nursing Home Patient Trust Surety Bond seeks to safeguard residents of a nursing home. The Nursing Home Patient Trust Surety Bond ensures that the nursing home properly handles patient funds and third party payments on behalf of the resident if applicable.
What is the current market for a Nursing Home Patient Trust Surety Bond?
Nursing Home Patient Trust Surety Bonds are widely written by multiple surety bond markets. The respective minimum and maximum bond amounts for the Nursing Home Patient Trust Surety Bondare $5,000 or two times the amount held in trust. However, these minimum and maximum amounts are determined by each state and may differ. The amount of bond needed varies and is most often dependent on the amounts held in trust covered by the bond. Terms of approval and premium are largely determined by the financial condition of the nursing home's corporate and/or personal net worth, experience, and the needed bond amount.
How do I apply for a Nursing Home Patient Trust Surety Bond?