FACTS (Federal Employment Information Handbook)
FEDERAL BONDING PROGRAM
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.
UNICOR BONDING PROGRAM
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 firstname.lastname@example.org