The fidelity bonds issued by the Federal Bonding Program (FBP) protect employers against employee fraud and dishonesty. The program provides no-cost individual fidelity bonds to employers considering hiring individuals who are, or may be, denied coverage by commercial carriers because of their at-risk status. Employers receive the bonds free-of-charge as an incentive to hire these applicants.
The mission of the FBP is to give employers the peace of mind that you can safely provide all individuals job opportunities with limited risk.
The FBP helps reduce barriers for justice-involved individuals, recovering addicts, TANF recipients and dishonorably discharged veterans, as well as others who have difficulty securing employment and getting their lives back on track, building stronger, healthier communities.
The FBP was designed to reimburse the employer for any loss due to employee theft of money or property up to $25,000 during the first six months of a selected individual's term of employment. The insurance covers losses resulting from theft, forgery, larceny and embezzlement by bonded employees, but it does not cover liability due to poor workmanship, job injuries or work accidents.
Agency Contacts
For more information: Email bonds4jobs@esd.wa.gov or call 800-669-9271
Policy Questions - SystemPolicy@esd.wa.gov