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Federal Bonding Our agency participates in the Federal Bonding Program (FBP). The Federal Bonding Program is a partnership between the US Department of Labor and The McLauchlin Company, an insurance brokerage firm. This program provides Fidelity Bonds that guarantee honesty for "at-risk", hard-to-place job seekers. The bonds issued by the FBP serve as a job placement tool by guaranteeing to the employer the job honesty of at-risk job seekers. Employers receive the bonds free-or-charge as an incentive to hire hard-to-place job applicants as wage earners. The FBP bond insurance was designed to reimburse the employer for any loss due to employee theft of money or property with no deductible amount to become the employer's liability (i.e., 100% bond insurance coverage).
Employers and jobseekers can get additional information on how to participate in this program by contacting a local Workforce Office, or David Slimp, david.slimp@oesc.state.ok.us (405) 557-5374 For more information:
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