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One of the services provided by The Indiana Department of Workforce Development to assist employers in recruiting and retaining the most qualified workforce is the Federal Bonding Program.
The Federal Bonding Program benefits the employer by offering bond coverage provided at no cost. The bond coverage is in effect the day the new employee begins working and lasts for six months. The employer profits from the worker’s skills and abilities without taking the risk of potential theft or dishonesty. There are no documents to sign or paperwork to complete. The bond has no deductible and reimburses the employer for any loss due to employee theft within the specified six-month period.
The Federal Bonding Program benefits the job seeker by providing job opportunities for those who have been or may be denied commercial bonding coverage due to their previous personal or employment history. The bond promotes confidence in a job seeker who needs a break to participate in employment and needs chance to show that he or she can be a productive worker. It provides fidelity bond insurance for up to six months for any job seeker with risk factors and applies to any job except self-employment. Bonding coverage is provided at no cost to the job seeker.
Individuals who are not commercially bondable due to past questionable behavior which casts doubt upon their credibility or honesty, or who have committed fraudulent or dishonest acts are eligible. This includes:
The application process is simple and quick. Complete the Fidelity Bonding Certification form below and mail it to the Department of Workforce Development. A letter will be sent to the employer confirming the bond. The letter includes the name of the job seeker for whom the bond is being issued, bond effective date, amount and period of coverage, etc. This letter confirms the bond in advance of receipt of the actual Fidelity Bond, which is mailed to the employer.
If you have additional questions, please contact:
Indiana State Federal Bonding Coordinator
Indiana Department of Workforce Development
10 North Senate Ave.
Indianapolis, IN 46204