Colorado patient trust fund bonds.
From $100.
When a Colorado nursing or care facility holds residents’ personal money in trust, it has to secure those funds. The bond amount tracks the balance you hold on residents’ behalf — priced at 1% of the bond amount, $100 minimum, with your exact price shown at the application.
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How much does a Colorado patient trust fund bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard patient trust bond — enter your amount, pay, and you have the executed bond. Here is the whole thing:
Apply online
Your facility details, the amount of resident funds you hold, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
File with your survey agency
Keep the executed bond on file as evidence your residents’ trust funds are secured. Wet-ink originals mailed on request.
What it is and who needs it.
What the patient trust bond actually covers
When residents hand a facility money to hold — for personal spending, small purchases, care incidentals — federal nursing-home rules (42 C.F.R. 483.10) require the facility to safeguard those funds and assure their security, commonly through a surety bond. The bond protects residents if their trust money is lost, stolen, or misapplied.
Colorado mirrors this in C.R.S. 25.5-6-206, which requires a facility holding a patient personal-needs trust fund to post a surety bond sufficient to secure those funds (or otherwise satisfy the state department that the money is secured), to keep complete and separate accounting, and never to commingle residents’ money with the facility’s own.
The bonded amount is generally the total resident funds held, reviewed on a quarterly basis. We issue whatever figure applies from $100, and no credit check up to $250,000 — and if your balance grows, you can file a replacement bond for the higher amount.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your survey agency. Keep the executed bond on file as evidence your residents’ trust funds are secured. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the amount of resident funds you hold — the executed bond is generated instantly, ready to keep on file.
Start the application →Common questions.
Other Colorado bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Patient trust bond, issued today.
Pricing from $100. Enter the funds you hold and keep it on file the same day.