If you are engaged in the operation of a Personal Care Assistance Provider Agency in the State of Minnesota, you are required by the Department of Human Services to execute a Minnesota Personal Care Assistance Provider Agency Bond in the amount of $50,000 to ensure compliance with Chapter 256B of the Minnesota Statutes.
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 Minnesota PCA Agency Bond holds you accountable for your business decisions.
By possessing a Minnesota PCA Agency Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.