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Call us at 888.610.4474 info@hasslefreesuretybonds.com

Assisted living and shared housing act bond cost

The Illinois Department of Public Health requires assisted living and shared housing facilities to post surety bonds in varying amounts in compliance with the Assisted Living and Shared Housing Act. Applicants should verify their required bond amount prior to bonding.

Give us a call at 888.610.4474 or submit a bond request to begin our fast and easy bonding process.

Why this bond

By posting an Illinois assisted living and shared housing act bond, principals (assisted living and shared housing facilities) pledge to faithfully perform all requirements of the Assisted Living and Shared Housing Act and comply with all rules of the department made in accordance with the provisions of the act. Some of these provisions include:

  • Providing residents with an establishment that meets the standards of the Act
  • Providing all personnel with training and experience
  • Supplying medication reminders and the supervision of self-administered medication
  • Only accepting adults for residency that have met all requirements of the Act, passed the mandatory background check and do not cause a threat to other residents or staff
  • Providing all required medical services
  • And more

These bonds protect harmed parties from financial loss resulting from the principal’s unethical and unlawful business practices up to the full bond amount.

Assisted living and shared housing act bond details

Illinois assisted living and shared housing act bonds can be released by the department if the surety gives the department written notice via certified mail at least 90 days prior to the effective cancellation date. These bonds remain in full force and effect if the principal remains in compliance with the terms of the surety bond contract.

Become an assisted living or shared housing facility

To become licensed as an assisted living or shared housing facility in Illinois, applicants must provide the following information to the Department:

  • Business name, street address, mailing address and telephone number of the establishment
  • Name and mailing address of the establishment owner
  • Financial information to establish if the project is financially feasible
  • Name and mailing address of the managing agent
  • Verification that the establishment has entered or will soon enter into a service delivery contract
  • Proof of an ongoing quality improvement program
  • Documentation of adequate liability insurance
  • Information about the number and types of units
  • And more

Apply for your surety bond

Get a FREE Assisted Living and Shared Housing Act Bond Quote Today! Click here to begin