Ohio nursing home trust fund bonds.
From $100.
When an Ohio nursing home manages residents’ money, ORC 3721.15 requires it to secure those funds — a surety bond is the usual way. Pricing starts from $100 and no credit check up to $250,000; the amount is sized to the resident funds you hold.
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How much does an Ohio nursing home 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 trust-fund bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount that secures the resident funds you hold, and the effective date — that is the application. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay.
File as your assurance of security
Hold the executed bond as the assurance ORC 3721.15 requires. Wet-ink originals mailed whenever you need them.
What it is and who needs it.
What the trust fund bond actually covers
When an Ohio nursing home or residential care facility manages a resident’s financial affairs — holding a personal-needs allowance account or other resident funds — ORC 3721.15 requires it to purchase a surety bond or otherwise provide assurance satisfactory to the Director of Health (or, for Medicaid homes, the Medicaid Director) to assure the security of all residents’ funds it manages.
The bond is a resident-protection guarantee: it stands behind the money the home holds in trust. If a facility mismanages, misapplies, or fails to return residents’ funds, residents can recover against the bond.
It is not insurance for the home — if the surety pays a claim, the home repays the surety. The statute does not fix a dollar figure; the amount is set to secure the funds the home actually manages, so enter that figure and your exact price — from $100 — appears at the application. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
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 as your assurance of security. Hold the executed bond as the assurance ORC 3721.15 requires. Wet-ink originals mailed whenever you need them.
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 bond amount that secures your resident funds — the executed bond is generated instantly, ready to hold as your assurance.
Start the application →Common questions.
Other Ohio bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Trust fund bond, issued today.
Pricing from $100. Enter the amount that secures your resident funds and hold it the same day.