What Is The Federal Bonding Program?

Many sex offenders find it very difficult to obtain work, due to their criminal record. But, there is a tool that sex offenders can use, to make their employment search a little easier: the Federal Bonding Program.

Going over what the Federal Bonding Program is, and how it works, will allow you to find, and retain, the job that you are looking for.

What Is The Federal Bonding Program?

The Federal Bonding Program is an incentive-based program that enables employers to hire at-risk job applications without being liable for the potential damage that can arise from doing so.

An “at-risk job applicant” is, within this context, someone with a criminal record or a past that makes them difficult to hire; this includes sex offenders, as well as those who have been convicted of other offenses.

Many employers fear that, in hiring someone with a criminal record, they put their business at risk of being damaged, stolen from, or negatively affected in one way or another.

To prevent this from happening, and to incentivize the hiring of those with a criminal record, the Federal Bonding Program covers certain criminal actions.

How Does The Federal Bonding Program Work?

To obtain a Federal Bond, that protects an employer from and property damage, at least two things are needed:

• A job offer
• A start date

If the two elements outlined above are present, then an employer, and their employee, can obtain a bond.

The exact process of doing so, though, is dependent on the state that you live in.

Some states only allow employers to file for a bond. But, other states allow employees to file for a bond directly, right after they have a job offer, start date, and the contact information for their employer.

No matter what, though, a bond obtained through the Federal Bonding Program protects an employer for six-months.

⦁ During the six-months that the bond is active, the following criminal actions are covered:

• Theft
• Property damage

Just as an example, if an employee steals $2,000 worth of merchandise from the retail store they work at, then the monetary value of these items, and their loss, is insured by the Federal Bonding Program.

If the monetary value of the theft/property damage is greater than $5,000, then only the first $5,000, of these damages, is covered.

Unless, that is, an employer obtains a bond with greater coverage. Being able to obtain a bond, of this sort, is dependent on the state they live in, the risk that they are taking, and the bond that they choose to acquire.

If an employer wishes to use their bond, they will not need to pay a penny to do. There is a $0 deductible, protecting them from all monetary losses, related to theft or property damage, under $5,000.