Georgia Long-Term Care Facilities Residents Fund Bond

A Georgia Long-Term Care Facilities Residents Fund Bond is a type of surety bond required by the Georgia Department of Community Health for long-term care facilities that manage resident funds. The bond amount varies, but is usually between $50,000 and $250,000. the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Georgia Long-Term Care Facilities Residents Fund Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. ²
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the surety bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant with the state.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who needs this surety bond?

In Georgia, any facility that qualifies as a long-term care facility and manages resident funds is required to have a Georgia Long-Term Care Facilities Residents Fund Bond.

Here’s a breakdown of the facilities that need this bond:

• Intermediate Care Homes: These facilities provide basic assistance with daily living activities for residents who need some help but are generally more independent.
• Skilled Nursing Facilities: These facilities offer a higher level of medical care and support for residents who require daily assistance with complex medical needs.
• Intermingled Homes: These facilities combine features of both intermediate care and skilled nursing care, catering to residents with varying needs.

As long as a facility falls under one of these categories and manages resident funds, they are required to obtain this bond.