The Ohio Nursing Home Bond is required by the Director of the Department of Human Services. A home, according to the Ohio Revised Code, means an institution, residence, or facility that provides for a period of more than twenty-four hours, whether for a consideration or not, accommodations to three or more unrelated individuals who are dependent upon the services of others, including a nursing home, residential care facility, home for the aging, and a veterans’ home.
This surety bond is required for any home that manages the financial affairs of its residents to assure the security of all residents’ funds.
The bond covers residents’ funds held by such licensee during the year: (1) well and truly hold separately and in trust all residents’ funds deposited with the principal as, or as an operator of, a nursing home or homes for the aged; and (2) shall administer said funds on behalf of said residents in the manner directed by the depositors thereof; and (3) depositors and the obligee when requested; and (4) upon termination of each said deposit shall account for all funds received thereunder, expanded and hold on hand.
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.