Nursing homes in Missouri are both licensed and regulated by the Missouri Department of Health and Senior Services.
The department also provides the form for the surety bond required.
The surety bond that your nursing home facility must furnish is not in a fixed amount; rather, it is an amount which is determined by a formula prescribed by the Department.
As a nursing home, you likely have access to those for whom you have care.
In Missouri, the amount of the Missouri nursing home surety bond required is as follows:
Our agency would first advise you to contact the Department of Health and Senior Services first to determine the surety bond required before contacting a surety agency, whether our surety bond company or any other else.
If your facility is brand new and therefore has not previously held funds for nursing home clients, the Department will determine for you the amount of surety bond required.
The purpose of obtaining a Missouri home nursing surety bond, while required as a condition of licensing, is for the benefit of your nursing home patients.
The bond is a financial guarantee, for your nursing patients, that you will act in a proper fiduciary capacity with respect to the handling and administration of their money.
As the wording of the bond itself states, you as a nursing home provider, will not deprive a current resident or a former resident of any money held in a trust on their behalf.
If a claim were filed against your surety bond and paid, as principal, you must indemnify the surety for any losses.
AmeriPro Surety Bonds is a surety-bonds only agency. We provide license and permit, court, and fiduciary bonds in Missouri.
We also provide surety bonds nationwide.
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