Because you are engaged in the operation of a health care service firm in New Jersey you are required to provide a New Jersey Health Care Service Firm Bond.
The N J Health Care Bond is required by The New Jersey Division Of Consumer Affairs to comply with the State licensing requirements.
Bonds are NOT insurance, but rather an extension of credit. The bonding company guarantees your ability to pay the bond amount (penalty) if you are required to pay according to the terms of the law.
Bonding companies expect to recover any payment made, so, like a loan you are evaluated based upon your credit situation.
Most surety will simply decline your bond application if you credit situation is not acceptable.
Rates for licensing bonds are low, so underwriting is strict.
Sometimes we can help find a secondary bond market, but that usually means higher cost and possible collateral requirements.
Unpleasant as it may be, you must address the topic of dishonesty of your employees in the home of your clients.
Perhaps the simplest most direct way is to purchase a dishonesty bond that covers property of your clients.
The bond form usually requires a successful prosecution of the offender for payment to be made. This has the effect of weeding out spurious allegations and emphasizing the serious nature of an allegation.
Bonds in the $5000 range are relatively freely written. Higher bond amounts require more stringent underwriting and detailed information required.