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The Federal Bonding Program
The U.S. Department of Labor’s Federal Bonding program offers a proven and effective tool for workforce development professionals to help both employers and at-risk job applicants at no cost.
Many employers carry insurance to protect themselves against employee theft or dishonesty. Employees who handle money, valuable tools or goods are covered. This insurance is called fidelity bonding. When such commercial insurance is denied because of an individual’s background, the employer often denies a job to that person.
The Federal Bonding Program provides individual fidelity bonds to employers for job applicants who are deemed unbondable by commercial carriers because of a:
Fidelity bonding may be provided for any individual who:
The Bond does not cover liability due to poor workmanship, job injuries or work accidents. It is not a bail bond or court bond for the legal system. It is not a contract bond, performance bond or license bond sometimes needed to be self-employed.
• Bonds are issued in the amount of $5,000 (or higher) and are available at no cost to employers or jobseekers. The applicant is covered for the first six months of employment, but the employer may then purchase additional coverage.
Employers and jobseekers can get additional information on how to participate in this program by contacting:
your local Workforce Office, or
Pam Hoskins, firstname.lastname@example.org (405) 557-5474
For more information:
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