The Federal Bonding Program is an activity that serves as a tool to secure the job placement of ex-offenders and other high-risk applicants. The program; sponsored by the U.S. Department of Labor, issues Fidelity Bonds.
A Fidelity Bond is a business insurance policy that protects the employer in case of any loss of money or property due to employee dishonesty. It is like a “guarantee” to the employer that the person hired will be an honest worker.
For additional information about the Federal Bonding Program, please visit the Federal Bonding Program website.