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Patient Fund Bond

A Patient Fund Bond is required for healthcare facilities in Colorado that hold money belonging to their patients. If your facility manages personal funds for patients who live there - like nursing homes or assisted living centers - you need this bond. It protects patients by guaranteeing they'll get their money back …

Bond amountVaries by license type or project
State or jurisdictionColorado
ObligeeState of Colorado Department of Health and Environment

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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2323 yearsHelping clients and agents
Overview

What it is.

A Patient Fund Bond is required for healthcare facilities in Colorado that hold money belonging to their patients. If your facility manages personal funds for patients who live there - like nursing homes or assisted living centers - you need this bond. It protects patients by guaranteeing they'll get their money back …

Who usually needs it

Nursing homes, long-term care facilities, assisted living facilities, home and community-based services providers, intermediate care facilities, and caregivers in Colorado that manage patient or resident trust funds must obtain this bond as a licensing requirement to ensure they handle residents' personal funds honestly and ethically in their fiduciary role.

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 bonds must be renewed annually. Guardianship bonds are typically required when a guardian manages significant financial assets. Court approval is required before issuance.

Your quote determines the actual premium.

Typical timeframe

Probate/fiduciary application — typically 3–5 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.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“My bond application was processed and received very quickly.”

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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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