WHAT'S THE FEDERAL BONDING PROGRAM?
The Federal Bonding Program assists a job applicant in overcoming barriers to employment. It is a 6-month no cost fidelity bond for applicants who are denied coverage by commercial carriers due to their at risk background provided through a partnership between the US Department of Labor and CHUBB.
A fidelity bond is provided to the employer free of charge and serves as an incentive to the company to hire a job applicant who is an ex-offender or has an at risk background in obtaining employment. It is a business insurance policy that protects the employer against financial loss due to theft, forgery, larceny or embezzlement caused by employee dishonesty.
Contact your local Workforce Center for more information.
Completed by Colorado Workforce Center staff only: