Federal Bonding Program: Breaking Barriers to Employment

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The Federal Bonding Program, established by the USDOL in 1966, provides fidelity bonds to help job seekers facing challenges secure and maintain employment. It covers a wide range of individuals, including those previously incarcerated, recovering from substance abuse, with poor credit records, economically disadvantaged, or dishonorably discharged from the military. This program benefits both job seekers and employers by offering support and protection in the hiring process. With no cost to applicants or employers, it ensures a smooth transition into the workforce and contributes to building a stronger community and economy.

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The Federal Bonding Program The Federal Bonding Program Breaking Down Barriers to Employment Your contact information

What is the Federal Bonding Program? Established by the USDOL in 1966 Provides fidelity bonds to help hard-to-place job seekers get and keep a job Used in over 53,000 job placements in a vast variety of industries

For Job Seekers Previously incarcerated In recovery from substance abuse TANF recipients Poor credit records Economically disadvantaged Dishonorably discharged from the military

For Employers 1. Helps meet hiring requirements 2. Protects their assets 3. Contributes to their community s health and economy 4. Safely provide job opportunities with limited risk 5. Tax benefits

How Does it Work? The bond covers the first 6 months of employment There is no cost to job applicant or employer Bonds are available for ANY job, ANY employer and in ANY State

Bond Mechanics Covers any type of stealing: theft, forgery, larceny, embezzlement Bonds can be issued as soon as the applicant has a job offer with a scheduled start date Each Bond has a $5,000 limit with the ability to stack bonds up to $25,000 Bond can be renewed for another 6-months in program When the bond expires, continued coverage can be purchased

What the Fidelity Bond does NOT cover DOES NOT cover liability due to poor workmanship, job injuries, work accidents, etc. Is NOT a bail bond or court bond needed in adjudication Is NOT a bond needed for self-employment (contract bond, license bond or performance bond)

Highlights NO application for job seekers NO paperwork for employer to submit NO underwriting or approval process NO deductible for each claim filed NO age requirements (other than legal working age) NO Federal regulation

The Federal Bonding Program has gone Digital The Federal Bonding program is now automated to enable State Bonding Coordinators and government agencies to purchase and request bonds to be issued. Keep track of your bonds online New, consistent pricing ($100, regardless of the number of bonds purchased) Save a tree gone are the days of printing, completing, and mailing paperwork Enhanced security Save time No more expiration dates Utilize existing bonds online