How much will my New Jersey health care bond cost?
This bond is required by the Division of Consumer Affairs and must be in the amount of $10,000.
SuretyBonds.com issues these bonds instantly for just $100 with no credit check required! Click “Buy Now” to be directed to our secure payment portal where you can purchase your bond directly through our site. In just a few minutes, you can be on your way to being bonded as a New Jersey health care service firm.
|Bond Type||Bond Amount||Cost|
|$10,000 Health Care Service Firm||$10,000||$100|
Why do I need this bond?
New Jersey health care service bonds ensure that the principal (health care services firm) faithfully and truly fulfills all contracts and will not file for bankruptcy. The bond also holds health care providers to the terms set in N.J.A.C 13:45B-14. Some violations under this legislation include:
- offering to provide services to potential employees
- contracting with a health care facility without obtaining a registration
- not adhering to product contracts
- submitting or conveying false information to another agency
What’s the fine print?
This bond will remain in effect until canceled. If the surety wishes to cancel this bond, it must provide a written notice to the Division of Consumer Affairs 60 days prior to the cancellation date.
How to start a health care service firm
Individuals applying for a health care service firm license must submit the following documents along with their application:
- $10,000 surety bond
- a certified financial report
- any licenses held in other states
All health care service firms must renew their registration before July 1 of each year.
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