|Could this be go-go Lizzie in jail again for prostitution, wearing a cute outfit, listening?|
The Federal Bonding Program is a unique tool to help an ex-offender get and keep a job. The program issues Fidelity Bonds and is sponsored by the U.S. Department of Labor.
The main purpose of the Federal Bonding Program is to help secure employment for ex-offenders who are having a hard time getting a job due to their criminal background.
What exactly does the bond insurance cover?
It insures the employer for any type of stealing by theft, forgery, larceny, or embezzlement. It doesnot cover liability due to poor workmanship, job injuries, or work accidents. It is not a bail bond or court bond for the legal system. It is not a contract bond, performance bond, or license bond sometimes needed to be self employed.
Who can be covered?
Only ex-offenders can be covered. It does not matter the nature of the arrest, conviction, or how long ago the event occurred. The worker must be hired for a full time permanent position and the employer must have Federal taxes automatically withheld from the ex-offender's paycheck to qualify for the program. Therefore, individuals that are self employed, or those subcontracting with other companies are not covered by the Federal Bonding Program.
How much does it cost?
The bond is free!!! It does not cost the employer or ex-offender anything!
How long is the coverage?
The coverage is for six (6) months from the first day of employment.
What happens after 6 months?
The bond automatically expires. If the employer wishes the coverage to continue the emp0loyer must purchase coverage from McLaughlin Company in Washington, D.C.