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

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Presentation on theme: "Federal Bonding Program A Unique Job Placement Tool Federal Bonding Program Coordinator, Florida."— 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 InformationFlorida Federal Bonding Program Information The requested information is there for your viewing; or http://www.bonds4jobs.com 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 Diane.Vacca@deo.myflorida.com


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