Florida - Assisted Living Facility — required surety bond in Florida. Apply online in minutes.
A Florida Assisted Living Facility bond is a type of surety bond that guarantees the facility will properly manage, safeguard, and account for any resident funds entrusted to them. It serves as a financial safety net for residents, ensuring they are compensated if the facility mishandles or misappropriates their money.
Owners and operators of assisted living facilities in Florida who hold or manage personal funds on behalf of their residents typically need this bond. If your facility acts as a fiduciary for resident monies, the state generally requires you to secure this coverage to maintain your license.
The state requires this bond to protect vulnerable residents from potential financial abuse, theft, or fraud by facility management or staff. It ensures the facility is held financially accountable to ethical standards and provides a direct mechanism for residents to recover lost funds.
Simply click Apply Now to complete our secure, ~5 minute online application. Once your application is processed and approved, your bond will be delivered by email. Noah Insurance Agency makes it easy to secure your coverage so you can focus on caring for your residents.
Premiums vary based on the specific bond amount required and the applicant's financial history. Because costs are individualized, please apply online for exact figures or contact Noah Insurance Agency at 814-718-0060.
Requirements vary based on the total amount of resident funds your facility expects to hold or manage at any given time. You must verify the exact bond amount required with the issuing agency before securing your bond.
Requirements vary, but generally, this specific bond is only mandated for facilities that take control of or manage money on behalf of residents. We recommend verifying your specific licensing requirements directly with the state agency.
Yes, it is often possible to obtain this bond even with poor credit, though premium rates will vary. The best way to see your options and exact pricing is to submit an application online.
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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