Illinois Patient Trust Fund | $5,000 Patient Trust Fund Surety Bond
Also known as: pateitn trust fund bond
Type of Bond
An Illinois Patient Trust Fund Bond is a type of surety bond required by the state for nursing homes, long-term care facilities, or assisted living facilities that manage and hold funds on behalf of their patients or residents. This bond ensures that the facility complies with state laws, regulations, and ethical standards governing the management of patient trust funds. The purpose of the bond is to protect patients, their families, and the public from potential financial loss, fraud, or unethical conduct by the facility in the handling and management of patient trust funds. It serves as a financial guarantee that the facility will manage and disburse the funds in a responsible, ethical, and lawful manner, safeguarding the financial interests of the patients and their families. If a facility fails to fulfill its obligations, engages in fraudulent or unethical practices, or violates state regulations in managing patient trust funds, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Illinois Patient Trust Fund Bond helps ensure that nursing homes, long-term care facilities, and assisted living facilities maintain a high level of professionalism and integrity in managing patient trust funds, protecting the interests of patients, their families, and the public.
Program
The price you'll pay for your $5,000 Patient Trust Fund Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $5,000 Patient Trust Fund Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $5,000 Patient Trust Fund Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Patient Trust Fund Bond Application process.
The Illinois Patient Trust Fund Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Patient Trust Fund bond.
Obligee: Department Of Public Health
Street: 2133 W Lexington St
State: Illinois
Zip: 60612
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!