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Platinum Bonds Insurance Agency

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Secure Personal Funds of Nursing Facility Residents

This bond is required for nursing facilities in Washington that hold or manage money belonging to their residents. When a nursing home takes care of personal funds for people living there - such as Social Security checks, savings, or spending money - they must get this bond to protect those funds. It guarantees that i…

Bond amountVaries by license type or project
State or jurisdictionWashington
ObligeeAging and Adult Services Administration of the State of Washington Department of Social and Health Services

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.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

This bond is required for nursing facilities in Washington that hold or manage money belonging to their residents. When a nursing home takes care of personal funds for people living there - such as Social Security checks, savings, or spending money - they must get this bond to protect those funds. It guarantees that i…

Who usually needs it

Licensed nursing facility operators in Washington State who hold, manage, or safeguard residents' personal funds must obtain this bond. This applies specifically to facilities that accept written authorization from residents or their guardians to deposit and manage personal funds, such as amounts over $50 (or $100 for Medicare residents) placed in interest-…

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.

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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“I highly recommend you do business with these folks.”

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23 years

Offering service to clients and agents alike.

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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