The California Patient Trust Surety Bond is required by the California Department of Social Services, Community Care.
A California Patient Trust Surety Bond is required for nursing homes and long term care facilities by entities that are/trying to be licensed by the state.
Each licensee, other than a county, who is entrusted to safeguard resident cash, must file or have on file a copy of a California Patient Trust Surety Bond. This bond is issued by a surety company licensed to do business in the State of California, like Surety1. This bond is occasionally called a nursing home bond and it ensures that nursing homes will manage patient trust funds appropriately. It protects patients, their families and the public from fraud, deceit and unlawful omissions on behalf of the licensee. The Patient Trust Surety Bond is not the same as insurance.
In California, the amount of the bond should adhere to the following schedule:
Total Safeguarded Per Month Bond Required
$750 or less ………………………………………….. $1,000
$751 to $1,500. …………………………………….. $2,000
$1,501 to $2,500 …………………………………… $3,000
Every further increment of $1,000 or fraction of that will require an additional $1,000 on the bond.
How to Get Your California Patient Trust Surety Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.