It's like insurance. You would know if you weren't bondable. You wouldn't be bondable if you had gotten into big trouble for stealing or something like that. That question is usually asked for jobs that require you to handle money and possibly valuable merchandise. Bonding is frequently called ""reverse insurance". Insurance is intended to pay someone for damages by an event that, may or may not have any fault, but is essentially expected to possibly happen, (like a house fire). An insurance company expects to pay some losses - the risk of that loss, to the degree that it is more than the fee/premium charged, is shifted from the insured to the insurance company. Bonding on the other hand, is a way to assure payment (or performance of something) for an event that really should never happen. If payment/performance under a bond must occur, the Bonding Company will try and get paid by the one it bonded. It never agreed there should be or to accept any loss. Hence, along with a fee the company normally gets security/liens/mortgage that it feels is adequate to reimburse it for any amounts it pays. Bonds come in many, frequently specific & independent forms. For example, it is common that a building contractor will have to provide 3 different bonds in many jobs: Bidding, Performance, & Payment. The bid bond assures that if he bids to do a job - wins the bid - and then doesn't agree to to the job as bid, the one who was requesting the bid (and now has to go through the time and expense of redoing it all) gets compensated. The contractor may also have to provide a Performance bond, which basically means if he fails to complete the contract, (walks off the job, etc., ) and the buyer needs to get someone else to do it, there is compensation in the bond amount. This bond may even cover the warrenty period, so there is a way to assure the contractors 10 year guarantee, if say, he's gone then. (Sometimes, instead of paying, the Bonding Company will/must actually step in and hire another contractor to perform). There may be a bond required to assure that payments made to the general Contractor that should be paid to the sub contractors , suppliers or employees, are actually paid to those people. (If the contractor fails to pay a supplier/worker, those people actually have a lien against your property until they are paid, even if you paid the contractor). Hence, a bond is essentially that a large, capable organization (generally an insurance company), agrees that those taking on a responsibility are actually responsible, or the bonding Company will perform in its behalf or compensate....and then get renumeration from the one causing the problem. In most job situations, it means you are considered responsible to be trusted with money, (under what would be expected to be controlled guidelines of your employer). Just being able to be bonded for something, indicating another presumably large/reputable company will stand behind you, is a sign of quality and integrity.
People with criminal records are not bondable.
This question means to ask if you are bondable. If you have been denied a bond it probably would have been due to a bad criminal record or background check which reveals information about you.
Yes, a person is still bondable. They just have to be able to pay their bond or have a clear background check to be bondable.
Nursing aide or practical nurse, possibly, but not a real 'registered' nurse, who has to be bondable and has access to category 3 medication.
Depends on the state.
ask job specifications and job description.
Yes, a person is still bondable after being charged with an assault. A person is only unable to get bonded if charged with a felony.
You can go to any insurance agency and ask them if you are bondable. They will run a background check and then issue you a bond up to a certain amount.
Being bondable means you can be insured against theft or dishonesty, which is particularly valuable in roles that involve handling money, sensitive information, or valuable assets. In a company, bondable employees can take on positions in finance, accounting, or management where trust is paramount. Additionally, being bondable can enhance your credibility and open up opportunities for advancement within the organization. Employers may be more inclined to assign you responsibilities that require a higher level of trust and integrity.
It depends on what job you ask for.
Bondable - He wants to know if you can be trusted to deliver money or valuables. Traffic violations - He wants to know if you can be trusted driving a company vehicle. Bankrupt - I don't think he is normally allowed to ask this. But it might be a condition of bondability. It might also be that someone is trying to garnish your wages illegally. If you have declared bankruptcy, that attempt is illegal if the bankruptcy discharged the debt. This is a scam unscrupulous creditors often try.
what does it mean when they ask what your licensing agency is when applying for a job