This bond is required for anyone who operates a residential care facility in California, such as assisted living homes or group homes that provide housing and care for elderly, disabled, or other individuals who need assistance. The state requires this bond to protect residents and ensure facility owners follow all re…
Overview
What it is.
This bond is required for anyone who operates a residential care facility in California, such as assisted living homes or group homes that provide housing and care for elderly, disabled, or other individuals who need assistance. The state requires this bond to protect residents and ensure facility owners follow all re…
Who usually needs it
Licensed residential care facilities in California (including foster family homes/agencies, group homes, small family homes, and residential care facilities for the elderly or children) that hold or manage resident funds in a trust account, specifically if they handle $50 or more per resident or $500 or more total per month. The bond is required as a condit…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCABond amountVaries by license type or projectObligeeState of CaliforniaBond classLicense BondCategoryHealthcareBondCalifornia Residential Care Facility BondJurisdictionStatePlain descriptionThis bond is required for anyone who operates a residential care facility in California, such as assisted living homes or group homes that provide housing and care for elderly, disabled, or other individuals who need as…Who needs this bondLicensed residential care facilities in California (including foster family homes/agencies, group homes, small family homes, and residential care facilities for the elderly or children) that hold or manage resident fund…
