Employee dishonesty bond

Definition

The bond a home care agency posts against theft by its own aides, and a condition of the license.

Why It Matters

Connecticut will not register a homemaker-companion agency without a surety bond or insurance policy of at least ten thousand dollars. Its coverage must include theft by an employee from a client. California asks for the same figure as proof of an employee dishonesty bond with third-party coverage. The bond attaches to the license and not to the seller, so it has to stand in the buyer's own name on day one. Washington and Minnesota reach the same custody from the other side: neither lets the agency hold a client's power of attorney or borrow a client's property.