As an ex-felon, it can be extremely difficult obtaining gainful employment. One of the main reasons is due to ex-felons being considered as “at-risk” job applicants, which can deter a potential employer from hiring you.
However, the Federal Bonding Program ensures the employer that, if the felon steals, hurts someone or destroys equipment, the employer can be reimbursed for their losses. The program is a great hiring incentive for most employers, because the bonding insurance fees do not come out of employer pockets.
The bond is issued at no cost to the employer and is only good for six months. At the end of the six-month period, the bond can be rescinded by the employer, or the bond can be maintained by the employer at a substantial cost to employer.
Self-employed personnel do not qualify for bond packages. Qualifications consist of being the (states) legal age for working, (if you’re old enough to go to prison, you’re old enough to work). The job position has to be at least 30 hours per week, and taxes must be automatically deducted from wages paid.
