Thursday, March 28, 2019
What is it?
The Federal Bonding Program provides a business insurance policy to protect employers who hire "at-risk" individuals that can be hard-to-place in the workforce. This fidelity bond covers loss of money or property that is due to employee dishonesty such as theft, larceny, forgery or embezzlement.
Who does it cover?
The program covers individuals involved in the justice system, those in recovery from substance abuse, Temporary Assistance to Needy Families (TANF) recipients, those with poor credit, economically disadvantaged individuals without work history, and dishonorably discharged military.
What doesn't it cover?
Poor workmanship liability, job injuries, work accidents, bail bond, contract bond, performance o...
