Reentry Myth Busters: Federal Bonding Program

The Reentry Myth Busters are a series of fact sheets created by the partner agencies within the Federal Interagency Reentry Council's (FIRC) and intended to clarify existing federal policies that affect individuals who were formerly incarcerated and their families.

This fact sheet addresses the following:

Myth: Businesses and employers have no way to protect themselves from potential property and monetary losses should an individual they hire prove to be dishonest.

Fact: Through the Federal Bonding Program (FBP), funded and administered by the U.S. Department of Labor (DOL), fidelity insurance bonds are available to indemnify employers for loss of money or property sustained through the dishonest acts of their employees (i.e., theft, forgery, larceny, and embezzlement).