The Federal Bonding Program (FBP) provides Fidelity Bonds to employers that guarantee honesty for at-risk, hard-to-place, and criminal justice involved job seekers. The bonds are no cost to employers and cover the first six months of employment.
This unique hiring incentive tool targets individuals whose backgrounds can pose significant barriers to securing or retaining employment. Examples may include but are not limited to:
- Justice-involved men, women, and youth
- Individuals in recovery from substance abuse
- TANF recipients
- Individuals with poor credit records
- Economically disadvantaged youth and adults with little or no work histories
- Individuals dishonorably discharged from the military
Employers receive the bonds free-of-charge as an incentive to hire these applicants. The FBP was designed to reimburse the employer for any loss due to employee theft of money or property up to $10,000 during the first six months of a selected individual’s term of employment. There is:
- No application for job seekers to complete.
- No deductible if employee dishonesty occurs.
- No age requirements for the bonded individuals other than the legal working age in WV.
Fidelity bonds can be applied to:
- Any job.
- Any employee dishonestly committed on or away from the work site.
- Any full or part-time employee paid wages with federal taxes automatically deducted, including those hired by temp agencies. However, self-employed individuals cannot be covered by Fidelity Bonds.
Federal Bonding Program Application
To apply for the Federal Bonding Program, fill out the Federal Bonding Request Form.
For more information about Federal Bonding, contact wfwvfederalbonding@wv.gov or 304-558-7024.