Is the lack
of bonding coverage keeping you from working or from hiring someone?
Bonding Program is administered by the Alaska Department of Labor and Workforce
Development, Division of Employment and Training Services. It is designed to eliminate
bonding as a barrier to employment, and alleviate employer concerns about
hiring at-risk job applicants.
Who is considered
including anyone with a record of arrest, conviction or imprisonment,
and anyone who has ever been on probation or parole
(persons with a history of alcohol or drug abuse)
having a poor credit record or who have declared bankruptcy
disadvantaged persons who lack a work history
who were dishonorably discharged from the military
who experience a barrier to gaining employment due to their personal
How Bonds can help
receive the bonds free-of-charge as an
incentive to hire hard-to-place job applicants.
bond insurance reimburses the employer for any loss due to employee
theft of money or property.
is no deductible amount (i.e., 100% bond insurance coverage).
no forms or other paperwork for the employer to sign, and no processing
to delay matters. The insurance can be put into effect almost instantly.
Division of Employment and Training Services staff complete the one page form for bond
issuance. The bond insurance can apply to any job*
where full or part-time employees are paid wages with federal taxes automatically
deducted from their pay. The bond insurance covers any employee dishonesty
that occurs on or away from the employer's work facility.
Self-employed persons cannot be covered by these Fidelity Bonds.
For more information regarding
the Fidelity Bonding Program click here or,
contact the Job
Center in your area or contact:
J. Allan MacKinnon, Bonding Coordinator at 907-465-5955