Bonding programs

Stowe ks. The Federal Bonding program provides individual fidelity bonds to employers for job applicants who are or may be denied coverage by commercial carriers. The Federal Bonding program is a unique hiring incentive tool that targets individuals whose backgrounds can pose significant barriers to securing or retraining employment, including:. Job candidates benefit because they are provided a second chance to prove themselves as valuable employees. Employers benefit because they provide an avenue to hire skilled job candidates who might not be hired due to their ineligibility for bond coverage.

Bonding is a Job Placement Tool. Federal Bonding Program Bonding as a job placement tool. The Federal Bonding program is a unique hiring incentive tool that targets individuals whose backgrounds can pose significant barriers to securing or retraining employment, including: Individuals with criminal records Individuals in recovery from substance use disorders TANF recipients Individuals with poor credit records Economically disadvantaged youth and adults who lack work histories Individuals dishonorably discharged from the military Fidelity Bonding may be provided for any individual who: Is not commercially bondable Meets the legal working age in Kansas Has a firm job offer and is qualified for the job Is not self-employed bondee must be an employee who earns wages with federal taxes automatically deducted from paycheck Is already employed but needs bonding in order to prevent being laid off or to secure a promotion to a new job at the company Job candidates benefit because they are provided a second chance to prove themselves as valuable employees.

The Federal Bonding coverage is provided at no cost to the employer or job applicant. As with the Medium Contractors programs, we have multiple markets that specialize in this area and also offer the most competitive rates in the industry.

Many of the large sureties, at times, also target this market area. However you are a small client to them. Being with the right sized surety market makes the difference of the surety supporting your growth outside the box and not within the large market stringent underwriting guidelines.

Click here to be directed to our application package or feel free to call us for a confidential consultation or to set up a meeting to see how we can help your company secure a better relationship that will last for years to come.

This market arena has a vast amount of surety participation with the most competitive rates available. National Surety Services has over 25 years of experience working with small contractors to help them grow their companies. Give us a call or click here for our application package to take the first step towards building your company with our agency. These programs are geared to help small contractors aggressively strengthen their revenue.

The bond of indemnity, as it is also called, provides that the issuer of the replacement security will not suffer economic loss should the lost instrument turn up later. When this happens the issuing corporation requires that the registered owner of said certificate s post-security in the form of a Lost Securities Bond so that the issuing corporation may provide a replacement certificate.

An Agreement to Bond commits the surety to provide Performance and Payment Bonds if the contractor is awarded the contract. The Labour and Material Payment Bond provides a financial assurance that the contractor will pay parties who have worked on or supplied to a bonded contract. A Maintenance Bond will guarantee that the contractor will comply with the warranty guaranteed maintenance provisions of the contract. Note that a performance bond guarantees all the provisions of the contract, so a separate maintenance bond is usually not required.