This bond is required for nursing homes in Indiana that manage money or property on behalf of their residents. When elderly or vulnerable patients entrust their personal funds to a nursing home for safekeeping, this bond protects them from theft or misuse of their money. If the nursing home wrongly takes or mishandles…
Overview
What it is.
This bond is required for nursing homes in Indiana that manage money or property on behalf of their residents. When elderly or vulnerable patients entrust their personal funds to a nursing home for safekeeping, this bond protects them from theft or misuse of their money. If the nursing home wrongly takes or mishandles…
Who usually needs it
Healthcare facilities in Indiana that manage patient trust funds must obtain this bond, including nursing homes, assisted living facilities, extended care facilities, rehabilitation facilities, and at-home care providers. The bond is required under Section 483.10(c)(7) of the Code of Federal Regulations and Indiana Code § 12-15-21 to ensure faithful securit…
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateINBond amountVaries by license type or projectObligeeState of IndianaBond classMiscellaneous CommercialCategoryHealthcareBondIndiana Nursing Home Patient Trust BondJurisdictionStatePlain descriptionThis bond is required for nursing homes in Indiana that manage money or property on behalf of their residents. When elderly or vulnerable patients entrust their personal funds to a nursing home for safekeeping, this bon…Who needs this bondHealthcare facilities in Indiana that manage patient trust funds must obtain this bond, including nursing homes, assisted living facilities, extended care facilities, rehabilitation facilities, and at-home care provider…
