West Virginia Nursing Homes that handle Patients’ Funds are required by the provisions of Chapter 16, Article 5C, Section 7(b) of the Code of West Virginia to file a West Virginia Nursing Home (Residents Funds) Bond as a condition of licensure.
Bonds Express offers a West Virginia Resident 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 West Virginia Resident Funds Bond holds you accountable for your business decisions.
By possessing a West Virginia Resident Funds Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.