AmeriPro Surety Bonds provides customers with the required Oregon health care service contractor bond. While state legislation indicates an amount required of $250,000, the bond form provided by the state indicates a $260,000 bond requirement.
We will assume, for the sake of accuracy, that the bond amount required is $260,000.
AmeriPro Surety Bonds will help both new and renewal applicants obtain the required bond.
The Oregon state legislature defines Oregon health care contractors as a corporation:
According to Oregon legislation 750.045, paragraph 2, health care services contractors are required to obtain a health care service contractor bond for $260,000.
The State of Oregon, Department of Consumer and Business Services Requires is the obligee for the health care services contractor bond.
The purpose of the health care contractor bond is a requirement of the obligee to protect the public from any acts of criminal malfeasance, fraud, theft, or criminal mismanagement of duties as a licensed health care service provider.
As such, it is important to note that the bond is required by the obligee on behalf of the consumers; it is not a protection for the health care service provider at all.
It is, however, a requirement for licensing in the state.
Oregon Health Care Service Contractor Bond: The Cost
The cost of the health care service contractor bond will be a small percentage of the $260,000 required.
We see costs ranging anywhere between 1-5%, normally, for this bond.
The bond renews on an annual basis.
AmeriPro Surety Bonds is a surety bond-only agency.
We provide court, license and permit, and fiduciary surety bonds throughout Oregon.
As a licensed entity, we also provide surety bonds nationwide.