Federal Bonding Program of Wyoming

Federal Bonding Program of Wyoming

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Federal Bonding Program of Wyoming is an initiative run by the Wyoming Department of Workforce Services. The Program is designed to help employers who are unable to hire or promote otherwise qualified individuals because they could not be bonded by commercial carriers. The program provides free individual fidelity bonding for employers who hire high-risk individuals in permanent, full-time jobs if the inability to secure bonding is due to the record of arrest, conviction or imprisonment; history of alcohol or drug abuse; lack of employment history; dishonorable discharge from military service; and/or poor credit history. It provides an opportunity to at-risk individuals who are otherwise not able to secure employment due to their records.

The initial bonding costs are borne by the federal government. Bonding may be provided to individuals who are qualified for the job; are not commercially bondable; have a firm job offer; and/or if the job offers full-time permanent employment and Is not self-employed. If the job seeker and the job meet the eligibility criteria, bonding coverage is usually effective on the first day of work for the new employee. Bonds are written for six months. After six months, the employer’s commercial carrier is encouraged to bond the individual, if bonding is still required.

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