FOR ALL YOUR SURETY BOND NEEDS.
California legally requires a variety of individuals, contractors, and organizations to secure surety bonds to conduct business across the public service industry. Apply for a California Surety Bond today! Single Source Insurance is a leading California bonding company providing bonds with a convenient online application system. Browse the most common types of bonds in this state, or contact us for a full list.
A Durable Medical Equipment (DMEPOS) surety bond is a bond issued by our bond experts guaranteeing the�National Supplier Clearinghouse�that a DMEPOS supplier will fulfill an obligation or series of obligations to a third party (the Medicare program) within the appropriate regulations. If the obligation is not met, the third party will recover its losses via the bond. To find out which suppliers are require this type of bond refer to the�Center of Medicare and�Medicaid�Services Website.
How Much Does A�Durable Medical Equipment Bond�Cost?
These bonds do require underwriting and are based on personal credit of all owners. You can expect to pay anywhere around 3% of the bond value but this figure can vary by surety. Most applicant’s receive their personal cost-effective quote within 24 business hours.
Bond Penalty Amount:�$50,000 (As of January 2, 2009, implemented in Section 4312(a) of the Balanced Budget Act of 1997)
Bond Term: 1 Year
Bond Expiration Date: Varies
Start the process online by filling out the online application and either email or fax the completed sheet back to our office at 407-674-7978. Our friendly team of experts are ready to respond with your personalized quote within 24 hours.
An Single Source Insurance bond expert is available to answer any questions at our toll free number: 855-689-5106 or respond to your�online submission.
