This bond is required for nursing homes in Delaware that hold or manage money belonging to their patients. When residents entrust their personal funds to the facility for safekeeping or to pay for services, the nursing home must get this bond to protect that money. It guarantees that if the facility misuses or loses p…
Overview
What it is.
This bond is required for nursing homes in Delaware that hold or manage money belonging to their patients. When residents entrust their personal funds to the facility for safekeeping or to pay for services, the nursing home must get this bond to protect that money. It guarantees that if the facility misuses or loses p…
Who usually needs it
Owners or operators of long-term care facilities in Delaware, including nursing homes, assisted living facilities, and independent living facilities that accept and manage resident or patient funds, must obtain this bond to protect patient and resident funds from mismanagement or misappropriation as a condition of facility licensing.
Pricing & timing
What to expect.
Generic pricing
Guardianship bonds protect the interests of minors or incapacitated persons under court-appointed guardianship. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Set by the court based on the ward's assets. • What affects pricing: Asset value, type of guardianship, credit and financial strength. • Collateral: May be required depending on asset value. • Ongoing requirement: Many guardianship bond…
Typical timeframe
Probate/fiduciary application — typically 3–5 business days
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.
StateDEBond amountVaries by license type or projectObligeeState of DelawareBond classGuardianship BondCategoryHealthcareBondDelaware Nursing Home/Patient Trust BondJurisdictionStatePlain descriptionThis bond is required for nursing homes in Delaware that hold or manage money belonging to their patients. When residents entrust their personal funds to the facility for safekeeping or to pay for services, the nursing …Who needs this bondOwners or operators of long-term care facilities in Delaware, including nursing homes, assisted living facilities, and independent living facilities that accept and manage resident or patient funds, must obtain this bon…