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Nursing Home Patient Trust Surety Bond

This bond is required for nursing homes in Florida that manage money or property belonging to their residents. When elderly or disabled people live in nursing homes, they sometimes need help managing their finances. This bond protects residents by guaranteeing the nursing home will handle their money honestly and resp…

Bond amountVaries by license type or project
State or jurisdictionFlorida
ObligeeFlorida Agency for Health Care Administration

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

This bond is required for nursing homes in Florida that manage money or property belonging to their residents. When elderly or disabled people live in nursing homes, they sometimes need help managing their finances. This bond protects residents by guaranteeing the nursing home will handle their money honestly and resp…

Who usually needs it

Nursing homes operating in Florida that hold resident funds or property in a trust account are required to obtain this bond. The bond serves as a financial guarantee to protect residents if the nursing home mishandles their funds through negligence or fraud, and is mandated under Florida Statute 400.162 before the facility is allowed to manage patients' fun…

Pricing & timing

What to expect.

Generic pricing

Fidelity bonds protect against employee dishonesty and theft. Typical Pricing:. • Standard coverage: Premiums commonly based on coverage amount and number of employees. • ERISA bonds: Matrix pricing based on plan assets — often starting around $100–$300 per year for smaller plans. • Employee dishonesty bonds: Rates vary by coverage level and employee count. ERISA fidelity bonds are required for employee benefit plan fiduciaries. Coverage must equal at least 10% of plan assets handled, up to $500,000 (or $1,000,000 for plans holding employer securities). Specialized application required.

Your quote determines the actual premium.

Typical timeframe

Specialized application — typically 1–3 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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