Florida - Adult Congregate Living Facility — required surety bond in Florida. Apply online in minutes.
A Florida Adult Congregate Living Facility Bond is a surety bond that guarantees the facility will responsibly manage and accurately account for any personal funds entrusted to them by residents. It serves as a financial safeguard for residents, ensuring their money is protected against mismanagement, fraud, or theft.
Owners and operators of adult congregate living facilities or assisted living facilities in Florida who handle, hold, or manage resident funds typically need this bond. Facilities that do not handle resident money should verify their specific licensing requirements with the state.
State regulatory agencies require this bond to protect vulnerable adult residents from financial exploitation or mishandling of their personal funds. It provides a guaranteed mechanism for residents or their families to seek financial compensation if the facility violates its fiduciary duties.
Click Apply Now to complete our secure online application in about 5 minutes. Once processed, Noah Insurance Agency (814-718-0060) will deliver your official bond directly to you by email.
Premiums vary based on the required bond amount and the applicant's credit history. Apply online with Noah Insurance Agency to get an exact figure.
The required bond amount varies and is typically based on the maximum amount of resident funds your facility manages. You must verify the exact amount required directly with the issuing agency.
No, this surety bond specifically protects your residents from financial mismanagement by the facility, whereas business insurance protects the facility itself from various liabilities.
Bond requirements vary depending on the services your facility provides, specifically whether or not you hold funds on behalf of your residents. Please verify your bonding requirements with your state licensing department.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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