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This usually means the employee has obtain a fidelity bond - usually a guarantee against dishonesty losses such as embezzlement. One caveat though... most fidelity bonds have an arrest and conviction clause in the fine print. If you are an employee, I'd recommend you consider Crime insurance as a better, althought costlier, alternative to fidelity bonding.
What else can I help you with?
Is bonded employee still in India?
no not at all
Is bonded required in carpet cleaning?
If you have employees that are going into peoples houses or place of business they should be bonded to protect your business. If you have a potential employee that cannot be bonded you should not hire them.
Are you considered 'bonded' if you have posted bail for a minor?
No. Bonded means the employer has purchased insurance to protect his clients from any damage the employee causes.
If an employee is terminated due to suspiscion of theft can they still be bonded?
"Suspicion" is not "Conviction". If they did not persue criminal charges and his record is otherwise acceptable. then the answer is Yes. That person can still be bonded.
If you clean the offices of a small company should you be bonded?
Yes you should be bonded. You will need what they call is a surety bond. This protects you against any employee theft of customer's property.
Do bank employees have to be bonded?
Yes, bank employees who handle money or sensitive information are typically required to be bonded. Being bonded provides financial protection against employee theft, fraud, or negligence. Bonding helps mitigate the risk to clients and the financial institution.
Can you be bonded with a old petty theft charge?
The answer to this question cannot be known."Bonding" of an employee is done by independent insurance companies that issue such 'bonds.' What criteria they, or your employer, use to screen an employee is entirely up to them.
Could a financial employee lose their bonding if they file for bankruptcy?
according to our corporate attorney, under 11 USC sec 525 an employer cannot terminate an employee because that employee filed for bankruptcy. however in regards to financial institution employees, there could be an issue if being bonded is a job requirement and that employee does not qualify to be bonded because of the bankruptcy. if the bonding company will allow the employee to maintain their bond if they file, than the employee would be protected under the above stated code. basically, it is up to the insurance company offering the coverage to the financial institution and their requirements for maintaining fidelity bond capabilities.
How aware is the employee of being bonded?
If your current job requires you to sign bonds with the employer, then of course you would be aware of being bonded. Bonds can simply be job contracts which will ensure your employment only for a limited period. You would either be released of responsibilities at the end of the contract or get your contract renewed.
If an individual employee has a judgment against them and there employer askes them to get bonded. Would the judgment effect the bonding?
the jugdement would efect the bonding because the wouldn't like each other
What is employment bonding?
Being "bondable" means your employer can add you to his business' insurance. It requires no action on the part of the employee. For example, to work as a bank teller, you must be bonded by the employer to protect depositors' funds. Generally speaking, if you have no criminal record and meet the minimum age, you are "Bonadable".
If you want to start a pet sitting business would it be a good thing to be bonded and how does one do this?
Bonding will cover you against employee theft. If you do not have employees it is not necessary. Many clients do not realize this, so a lot of business owners just get it anyways as a marketing tool and to just make the answer to the "are you bonded" question easier. It is fairly cheap to purchase a bond.
