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…
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…
Typical timeframe
Specialized application — typically 1–3 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.
StateFLBond amountVaries by license type or projectObligeeFlorida Agency for Health Care AdministrationBond classFidelity BondCategoryOtherBondNursing Home Patient Trust Surety BondPlain descriptionThis 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. Thi…Who needs this bondNursing 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 t…
