If you operate a leased nursing home in the State of Florida, the Florida Agency for Health Administration requires that you execute a Florida Leased Nursing Home Bond to ensure compliance with Section 400.179(5)d) of the Florida Statutes.
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 Florida Nursing Facility License Bond holds you accountable for your business decisions.
By possessing a Florida Nursing Facility License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.