Ambulance Service Contract Performance Bond
What is a Ambulance Service Contract Performance Bond?
An Ambulance Service Contract Performance Bond is a type of Specialty Contractor bond that ensures that ambulance service providers comply with the terms of their contracts and applicable state and local regulations for providing emergency medical services.
Protects government entities or hospitals from financial loss due to the failure of an ambulance service provider to fulfill their contractual obligations.
Required by government entities or hospitals to ensure responsible management and performance by ambulance service providers.
Applicant’s personal or business information, credit history, bond amount (determined by the contract requirements), and ambulance service contract details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
