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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.

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Federal Bonding Program

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  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

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