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
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
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
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
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
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
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
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
Where to go to get it? Only available at One-Stop Centers How is the program promoted? One-Stop Staff and Applicants
To Access Bonding Information On-Line? Florida Federal Bonding Program InformationFlorida Federal Bonding Program Information The requested information is there for your viewing; or
Problems, Who Do You Call? Diane Vacca Florida Bonding Coordinator Office: (850)