The federal bonding program is designed to help a job applicant get and keep a job.  The program issues Fidelity Bonds and is sponsored by the U.S. Department of Labor.  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.  To be eligible for the bond, the employer must schedule a date to start work.  The Employment Service local office then requests The McLaughlin Company in Washington, DC, to issue to the employer a Fidelity Bond insurance policy covering the worker.

 

 

A new program, initiated in February, 2006 provides a $5000 fidelity bond for employed ex-federal prisoners who worked in Federal Prison Industries (UNICOR) for a least six months during incarceration.  For addition information contact the UNICOR bondingt specialist at 202.305.3872 or write to rxking@bop.fov.