The Federal Bonding Program
The Federal Bonding Program provides Fidelity Bonding for the first six months of employment for hard-to-place job applicants.
The U.S. Department of Labor (USDOL) created the Federal Bonding Program (FBP) as an employer job-hire incentive that guaranteed the job honesty of at-risk job seekers. Federal financing of Fidelity Bond insurance, issued free-of-charge to employers, enabled the delivery of bonding services as a unique job placement tool to assist ex-offenders, and other at-risk/hard-to-place job applicants.
For more information and answers to why Fidelity Bonding is needed for job placement, who is eligible for bonding services and how bonds can be access under the program, visit the Federal Bonding Program.
If you are seeking bonding services please visit or call your local Business Resource Center to speak with a Business Representative.
To find your local Business Resource Center, search by county.
The U.S. Department of Labor (USDOL) created the Federal Bonding Program (FBP) as an employer job-hire incentive that guaranteed the job honesty of at-risk job seekers. Federal financing of Fidelity Bond insurance, issued free-of-charge to employers, enabled the delivery of bonding services as a unique job placement tool to assist ex-offenders, and other at-risk/hard-to-place job applicants.
| Fidelity Bonding is: |
- Insurance to protect employer against employee dishonesty
- Covers any type of stealing: theft, forgery, larceny, and embezzlement
- In effect, a guarantee of worker job honesty
- An incentive to the employer to hire an at-risk job applicant
- A unique tool for marketing applicants to employers
- 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)
For more information and answers to why Fidelity Bonding is needed for job placement, who is eligible for bonding services and how bonds can be access under the program, visit the Federal Bonding Program.
If you are seeking bonding services please visit or call your local Business Resource Center to speak with a Business Representative.
To find your local Business Resource Center, search by county.
