If you are engaged in the operation of a nursing home that handles patients’ funds in New York you are required under 10 NY CRR Section 415.26(h)(s)(v) to file a New York Nursing Home Bond as a condition of licensure.
Bonds Express offers a New York Nursing Home 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 New York Nursing Home Bond holds you accountable for your business decisions.
By possessing a New York Nursing Home Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.