Long Term Care Facility Operators responsible for holding patient funds operating in the State of Illinois are required under 210 ILCS 45/2-201(5) to execute an Illinois Patient Funds Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Patient Funds Bond with a 99% approval rate.
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 Illinois Patient Funds Bond holds you accountable for your business decisions.
By possessing an Illinois Patient Funds Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.