1 (844) 589-9732

Alabama Patient Trust Fund Bond

Up to and including $50,000, our agency provides you the Alabama patient trust fund bond with streamlined processing. Amounts greater than $50k will still qualify for the 1% annual premium. Please call AmeriPro Surety Bonds at:                    844-589-9732.

Alabama Patient Trust Fund Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Nursing Facilities – Alabama

 

 

 

Alabama licensed nursing facilities are regulated by the Alabama Department of Public Health.  Surety bond requirements for such facilities are formally described as “financial security” by the Department.

Our agency helps you to quickly obtain the surety bond amount you require.

 

 

 

Amount of Surety Bond Required

 

 

 

No specific amount of surety bond is stated by statute. Presumably this is because facilities will have varying amounts depending on the number of patients and the patients’ finances.

That having been stated, although a specific amount is not provided by statute, you are required to obtain an amount equivalent “…to assure the security of all personal funds of residents deposited with the facility.”

While our agency will provide the surety bond in whatever amount you require, it will be between you and the Department of Public Health to mutually agree to what that amount is.

 

 

 

Qualifying For the Bond – Premium

 

 

 

Qualifying for the Alabama patient trust fund bond is by an application, and depending on the amount of surety required, a credit check.

Applicants for any amount up to and including $50,000 will qualify for this surety bond as an instant issue surety bond. What this means is that there will be no credit check or underwriter review for this bond: After the completion of an application, and payment of the premium – 1% of the bond amount required – the patient trust fund surety bond will be issued to you immediately.

For any amounts greater than $50,000, a standard credit check review is part of the underwriting process; however, you will still qualify for a premium of 1% of the amount of surety bond required.

 

 

 

The Bond’s Duration

 

 

 

The Alabama patient trust fund bond, once issued, is active for one year. Thereafter, the bond will need to be renewed. Likely surety bond amounts will vary from one year to the next as circumstances, needs of patients, or number of patients change.

 

 

 

Purpose of This Surety Bond

 

 

 

The bond is a financial guarantee on behalf of your patients that you will act in a proper and objective fiduciary capacity over patients’ funds and property.

The bond’s existence protects your nursing facility patients from acts of malfeasance, misrepresentation, and fraud in the discharge of your duties as it concerns their finances and property.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit and fiduciary surety bonds throughout Alabama.

Our agency also provides surety bonds nationwide.

Please contact us today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)