What is a Patient Trust Bond?
A patient trust bond is a form of insurance required of all long-term care facilities such as nursing homes or assisted living facilities. They are also required of businesses that offer at-home care. The patient trust bond protects those under care of these types of facilities by assuring the facilities abide by all laws pertaining to them and handle money ethically.
Before facilities purchase a surety bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.