Issues Fidelity Bonds to employers who hire "high risk" job applicants. The fidelity bond is a business insurance policy that protects the employer in case of any loss of money or property due to employee dishonesty. Bonds are given to the employer for six months free of charge and serves as an incentive to the company to hire a job applicant who is an ex-offender or has some other "risk" factor in his or her personal background such as poor credit or a lack of work history. After six months the employer may purchase continued coverage. Bonds can also be issued to cover a current employee who is not bond-able under the employer's insurance and needs the program's bonding in order to secure a promotion or to prevent being laid off or terminated.