The Mississippi Department of Employment Security has a limited number of Fidelity Bonds available to help employers alleviate the concern that an at-risk jobseeker will be an untrustworthy worker. The bonds are given to the employer free-of-charge, and serves as an incentive for companies to hire jobseekers that are ex-offender or have some other "risk" factor in their personal background.
For the bond to be issued, the employer must make the applicant a job offer and set a date for the individual to start work. The job start date will be the effective date of the bond issuance which will terminate six months later. If the employer desires, additional coverage it may be purchased by the employer at the end of the six months of coverage.
Employers who suffer a loss by the employee may recover the full amount of the loss, up to the full amount of the bond. There is no deductible, no papers to sign and no special record keeping requirements. The bond is mailed directly to the employer by The McLaughlin Company in Washington, DC as agent for Travelers.
Select here to contact an employment representative for additional information.
