How do employers get a fidelity bond?
A. They buy it from an insurance company that issues a blanket bond in the form of a single policy that covers all officers and employees of the company. Q. What are the programs limits? A. The worker must not be eligible for a bond from a normal insurance carrier. The worker must meet the states legal age for working — there are no upper age limits. Workers must be paid wages with Federal taxes automatically deducted from pay. Selfemployed persons cannot be covered. The job must be available for at least 6-months. The employee applicant must not have a default on a prior Washington issued bond. Q. Can the programs fidelity bond coverage exist forever? A. No, the purpose of the programs bond is to help at-risk applicants obtain employment. The bond insurance is free-of-charge to the employer for six-months. If the worker demonstrates job honesty during the six months of Washington Bond Program coverage, that worker may become bondable for life under the employers commercial bonding. Q
