If you are engaged in the operation of a nursing home that handles patients’ funds in New York you are required under 10 NY CRR Section 415.26(h)(s)(v) to file a New York Nursing Home Bond as a condition of licensure.
Bonds Express offers a New York Residents Personal Funds Trust 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 New York Residents Personal Funds Trust Bond holds you accountable for your business decisions.
By possessing a New York Residents Personal Funds Trust Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.