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Tennessee Nursing Home Residents Trust Fund Bond

This bond is required for nursing homes in Tennessee that hold money or property belonging to their residents. When a nursing home manages residents' personal funds or belongings, they must get this bond to protect those assets. It guarantees that if the nursing home misuses or fails to properly handle residents' mone…

Bond amountVaries by license type or project
State or jurisdictionTennessee
ObligeeState of Tennessee

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 Tennessee that hold money or property belonging to their residents. When a nursing home manages residents' personal funds or belongings, they must get this bond to protect those assets. It guarantees that if the nursing home misuses or fails to properly handle residents' mone…

Who usually needs it

Nursing homes and long-term care facilities operating in Tennessee that manage resident trust funds must obtain this bond. This includes nursing homes providing 24-hour skilled nursing care, assisted living facilities, and other long-term care facilities or at-home care businesses handling resident personal funds. Facilities must secure the bond as a prereq…

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 on risk factors. Contact us for a specific quote.

Your quote determines the actual premium.

Typical timeframe

Credit-based approval — varies by bond type

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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