Georgia Long Term Care Facilities that handle patient funds are required by the Commissioner of Community Health of the State of Georgia to execute a Georgia Long-Term Care Facilities Residents Fund Bond to ensure compliance with licensure
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Georgia Long-Term Care Facilities Residents Fund Bond holds you accountable for your business decisions.
By possessing a Georgia Long-Term Care Facilities Residents Fund Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.