A fidelity bond is provided to the employer free of charge and serves as an incentive to the company to hire a job applicant who is an ex-offender or has an at risk background in obtaining employment. It is a business insurance policy that protects the employer against financial loss due to theft, forgery, larceny or embezzlement caused by employee dishonesty.
The Federal Bonding Program assists a job applicant in overcoming barriers to employment. It is a 6-month fidelity bond for applicants who are denied coverage by commercial carriers due to their at risk background provided through a partnership between the US Department of Labor and Union Insurance Group Company.
Contact your local workforce center for more information.
State Bonding Coordinator
Completed by Colorado Workforce Center staff only.