The U.S. Department of Labor has had a program that provides Fidelity coverage at no cost to the employer and after 12 months if no loss had occurred, the employee would be eligible for Fidelity coverage at standard rates. At one point the DOL paid 100% of the cost, but due to lack of interest by state employment agencies, the program funding was constantly reduced. It now required the states to participate, but the cost is minimal.
The Federal Bonding program not only provides coverage to previously incarcerated, those with no work history are also eligible.
In 2016, the DOL, Federal Bonding Program celebrated 50 years of providing such bonds and over 30,000 individuals were able to obtain employment. This is a program that came out of the war on poverty and the recidivism rate for previously incarcerated who have employment is less than 5%.
Unfortunately this is a program whose costs are so small, that it gets no attention from governors or cabinet level departments.
NY has a regulation for about everything, don’t they? What a dysfunctional state!
The U.S. Department of Labor has had a program that provides Fidelity coverage at no cost to the employer and after 12 months if no loss had occurred, the employee would be eligible for Fidelity coverage at standard rates. At one point the DOL paid 100% of the cost, but due to lack of interest by state employment agencies, the program funding was constantly reduced. It now required the states to participate, but the cost is minimal.
The Federal Bonding program not only provides coverage to previously incarcerated, those with no work history are also eligible.
In 2016, the DOL, Federal Bonding Program celebrated 50 years of providing such bonds and over 30,000 individuals were able to obtain employment. This is a program that came out of the war on poverty and the recidivism rate for previously incarcerated who have employment is less than 5%.
Unfortunately this is a program whose costs are so small, that it gets no attention from governors or cabinet level departments.