1 / 12

Federal Bonding Program

Federal Bonding Program. A Unique Job Placement Tool Federal Bonding Program Coordinator, Florida. Background. LBJ -War on Poverty Demonstration Project USDOL and McLaughlin Company, Washington DC Underwritten by Travelers Property Casualty Insurance Company Sponsored by USDOL.

Télécharger la présentation

Federal Bonding Program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Federal Bonding Program A Unique Job Placement Tool Federal Bonding Program Coordinator, Florida

  2. Background • LBJ -War on Poverty • Demonstration Project • USDOL and McLaughlin Company, Washington DC • Underwritten by Travelers Property Casualty Insurance Company • Sponsored by USDOL

  3. What is it? • Unique tool to help an applicant get or keep job • Fidelity Bond is an Insurance Policy • Protects against loss of money or property • It is free

  4. It is Not/Does Not Cover • Liability due to poor Workmanship • Job Injuries • Work Accidents • Bail Bond • Court Bond • Contract Bond • Performance or License Bond

  5. Who Does The Program Help? • Ex-offenders • Substance abusers • Poor Credit Records • Dishonorably Discharged • Lacking Work History • Anyone who needs a bond to get a Job

  6. Why is the FB Program Needed? • Employers Fidelity Bonds will not cover anyone who has committed a dishonest or fraudulent act • Not Bondable (too risky to cover) • Only answer is FBP • Eliminates Barriers

  7. Eligibility • Anyone who cannot get a Job without bonding • Past acts of Dishonesty or Fraud • Meets the minimum legal working age • Anyone told they are not bondable • Anyone who needs a bond to keep a job or to get a promotion

  8. How is it issued? • Request for issuance, applicant or employer • A Job offer and start date, bond is good for 6 months, can be renewed, then bondable for life • $5,000 coverage per applicant, larger bonds are possible • No papers for the Employer/applicant to sign

  9. Has it had success? • Over 42,000 applicants have been helped • 99% have proven to be honest employees • Greater variety of jobs and higher wages Employers thoughts on Bonding? * 12% willing to hire without a Bond * 51% willing to hire with a Bond

  10. Where to go to get it? Only available at One-Stop Centers How is the program promoted? One-Stop Staff and Applicants

  11. To Access Bonding Information On-Line? • Florida Federal Bonding Program Information • The requested information is there for your viewing; or http://www.bonds4jobs.com

  12. Problems, Who Do You Call? Diane Vacca Florida Bonding Coordinator Office: (850) 245-7451 E-mail: Diane.Vacca@deo.myflorida.com

More Related