Federal Bonding Program

Added: Jun 21, 2017 2:23 pm The contractor will provide fidelity bonding coverage to formerly incarcerated individuals and others with high-risk backgrounds.

The Fidelity Bonds issued to employers covering at-risk applicants will be made available exclusively through the Department�s Federal Bonding Program by Oakdale Holding Corp. (D.B.A. Union Insurance Group), an insurance brokerage firm, as agent for Travelers Casualty and Surety Company of America which is not duplicated by any other U.S. program.

Uniquely, bonds are issued instantly to be in effect the day that the applicant is scheduled to start work.

Issued bonds will be self-terminating (no termination paperwork needed), and by design the employer will not be required to sign any papers in order to receive the bond free-of-charge.

With bond insurance issued in ranges from $5,000 to $25,000 coverage for a 6-month period with no deductible amount (employer gets 100% insurance coverage) the contractor will provide a unique resource.

A resource that will be available to both organizations offering reentry services and those with high-risk backgrounds.

This resource in turn will help high-risk employees to establish and demonstrate job honesty under the coverage provided by selected contractor.