Eligible New Hires for the Federal Bonding Program

Kentucky Businesses Applying for the Federal Bonding Program

  • Ex-offenders
  • Employment is the #1 reason for successful re-entry of ex-offenders into society.
  • Employed ex-offenders are twice as likely to stay out of prison than those who do not have jobs.
  • Individuals in recovery from substance use disorders
  • Individuals who have a disability
  • Public assistance recipients
  • Individuals with poor credit records
  • Economically disadvantaged youth and adults who lack work histories
  • Individuals dishonorably discharged from the military
  • Economically disadvantaged persons who lack a stable work history
  • Anyone already employed who needs bonding to prevent termination or secure a transfer or promotion

Contact your local Kentucky Career Center (KCC) or the KCC Federal Bonding Coordinator via email: workforce@ky.gov

For More Information about the Federal Bonding Program

Visit the Federal Bonding Program website: www.bonds4jobs.com

To note - Bonds can be issued as soon as the applicant has a job and starts working. Workers must be paid wages with federal taxes automatically deducted from pay; self-employed persons cannot be covered. Part-time and temporary workers are eligible.

More than 95% of bonds are issued for $5,000 coverage for a six-month period. Exceptions are possible based on the situation. When the initial bond coverage expires, employers can purchase continued bond coverage from CHUBB Insurance if the worker has demonstrated job honesty.

The bond DOES NOT cover liability due to poor workmanship, job injuries, and work accidents. It DOES NOT provide bail, contractor performance bonds, or license bonds for self-employment.

Resources

  • Salesforce. (n.d.). Retrieved April 05, 2021, from https://kydev.my.salesforce.com/sfc/p/#t00000004X3h/a/t0000000cRcn/ZtCHbraZIcSZQl7D3sTNDR1fM4OzHpn0GXgqndJMsY4
  • The federal BONDING program: A US Department of Labor initiative. (2021, March 31). Retrieved April 05, 2021, from https://nicic.gov/federal-bonding-program-us-department-labor-initiative

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