The State of Nevada requires home health care providers to purchase a surety bond depending on the size of the company. This bond ensure that excellent care is provided to clients. This bond also protects the professional against major liability exposures the business may potentially face.
The required bond coverage depends on the number of employees.
If the facility, agency, organization or home employs:
At least 7 but not more than 25 requires $25,000 surety bond
More than 25 employees requires$50,000 surety bond
Refer to section NRS 449.065 for bond requirements
Obtaining a home health care bond
Colonial Surety offers one of the fastest ways to obtain a home health care bond. Here at Colonial, we are the insurance company- which means no agent or middleman, no turnaround time to obtain your bond. The process is easy- get a free quote online, fill out your information, answer our underwriting questions and enter your payment method. Your bond will be available in PDF form and it is always accessible online.
How much does a home health care bond cost?
Home health care bonds are reasonably priced and easy to obtain. You may notice that with other insurance agents or companies with middlemen your premium rate will fluctuate and you may discover hidden fees, not at Colonial Surety. We offer a flat rate for each home health care bond
Does it matter where I get my bond?
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to run your business when you deal direct with a quality insurance company licensed in Nevada to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.