If you are engaged in the operation of a nursing home that handles patients’ funds in Minnesota you are required by the Minnesota Department of Health to file a Minnesota Resident Fund Bond as a condition of licensure.
Bonds Express offers a Minnesota Resident Fund 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 Minnesota Resident Fund Bond holds you accountable for your business decisions.
By possessing a Minnesota Resident Fund Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.