This bond is required for nursing homes as an assurance that patient trusts will be managed properly. The required bond amount varies, but it must be either twice the average monthly balance of the patient trust fund in the preceding year or $5,000, whichever is greater. The premium is usually as little as $100 per year.
To Secure a Florida Patient Trust Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.