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…
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 o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateTNBond amountVaries by license type or projectObligeeState of TennesseeBond classMiscellaneous CommercialCategoryHealthcareBondTennessee Nursing Home Residents Trust Fund BondJurisdictionStatePlain descriptionThis 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 thos…Who needs this bondNursing 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, …
