Statute and checklist differ by one employee. HCQC’s checklist, citing NRS 449.065 rather than NRS 449B.185, words the tiers as $5,000 for fewer than 7 employees, $25,000 for 7 to 24 and $50,000 for more than 25, which leaves an agency with exactly 25 employees in neither. NRS 449B.185 puts 7 to 25 employees in the $25,000 tier. (Licensing Checklist; NRS 449B.185(1)) By our reading the statute governs. The rules do not say whether contracted attendants count as employees; ask HCQC if you are near a tier.
Who it protects. With each application and renewal the agency files a surety bond of $5,000 (fewer than 7 employees), $25,000 (7 to 25) or $50,000 (more than 25), payable to the Aging and Disability Services Division to cover property damage to clients aged 60 or older. (NRS 449B.185(1)-(2), (7)) The bond is executed by the agency as principal and a surety company as surety, and covers the whole initial license period or renewal period. (NRS 449B.185(2)-(3)) The amount is the bond’s face value; what you pay is the surety company’s premium, which the rules do not set.
How HCQC wants it. The bond must name the State of Nevada, Department of Human Services, Aging and Disability Services as obligee, show the DBA name and physical address, be signed by the owner and carry the bond company’s original seal. (Licensing Checklist)
Never let it lapse. "A license is suspended by operation of law when the agency is no longer covered by a surety bond" (NRS 449B.185(5)). A surety may be released after giving the Administrator 30 days’ written notice. The Administrator gives the agency at least 20 days’ written notice that the license will be suspended by law until another bond or substitute is filed. (NRS 449B.185(4)-(5))
A deposit instead. With the Administrator’s approval, an agency may instead deposit with a bank or trust company in Nevada certain bank, US government or Nevada government obligations worth at least the bond amount, which can be withdrawn only by order of the ADSD Administrator. (NRS 449B.190)