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.