Friday, March 27, 2009

Federal Bonding Program

The Indiana Department of Workforce Development's Federal Bonding Program

Purpose: This Bulletin establishes the instructions and procedures for the appropriate use of Fidelity Bonds purchased by the Indiana Department of Workforce Development.

Content: The Federal Bonding Program (FBP) provides fidelity bonding insurance to employers for coverage of job applicants who are qualified for employment but who fail to secure jobs because regular commercial bonding is denied. Nationally, since 1966, about 40,000 applicants have obtained jobs due to being bonded through the FBP, and 99% have proven to be honest employees.

Download Technical Assistance Bulletin TAB 2008-07, Change 1

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