For your new job you were toled you must be bonded . what is this ? where do you get bonded?what cost?

Question

what is this ? where do you get bonded? what does cost ?

Answer 1

Bonded means basically you put up some money, so in case any damage is done, or anything comes up missing and they suspect you, you are covered. its a poor mans insurance

This is not a very common practice, but its not unheard of.

You get bonded through the company. So if you work for ford, they tell you you need to be bonded, then you pay them money. The cost would depend on what you do. If, for example, you cut diamonds, then the bond could be upwards of $10,000. But if you say work as maintenance at a school, it could be as little as $100.

Answer 2

A bond is essentially an insurance policy that your company takes out on you guaranteeing that if you ever abscond with company or customer's funds they, the insurance company, will pay a claim up to the maximum amount of the bond.

If you have been convicted of any financial crimes they will not bond you.  It shouldn't cost you a dime or be of any matter to you.  It is the employer's responsibility to bond you and I have never heard of that cost being passed on to the employee.

Good luck with your new job!

Answer 3

I agree with the previous entries.