What do bondable

We could talk until we're blue in the face about this quiz on words for the color "blue," but we think you should take the quiz and find out if you're a whiz at these colorful terms. How to use bondable in a sentence Tom and Emily had a strong father-daughter bond that stemmed from their love of sports. Samantha Pell November 20, Washington Post. Who becomes CEO in a pandemic? If the employee has had a criminal record, then this term is put into question, and the employee may need to get a pardon so that their record is clear for the job they are applying for.

For example, if a person with a criminal record of theft for a bank job, the individual might not be considered bondable as they would be entrusted with a large sum of money. If the individual is entrusted with the job, this bond covers the bank in case of theft or fraud by the hired employee who signed this bondable contract.

This criterion is essential for not any jobs but also permits and access to other important documents. This bond can be made for all the employees or on selective candidates, depending on their qualifications. This also includes a drug test, especially in jobs dealing with pharmaceuticals.

Another example is hiring cleaners or movers who are going to be in your space with no supervision. The employer feels safe when they sign the contract to be aware that he is protected even if something is stolen. Vick signs that he is bondable. Helen here is protected for her lost valuables as Vick has signed that he is bondable, thus only Vick will be held responsible, and Helen is insured for this situation.

There are four different ways to bond the employees:. There is a fear of theft of either material, intellectual property, or confidential information for which the company with no direct fault of their own would suffer the damage. Still, with these bonds, the company or employer is protected from such damages. Being Insured. Being bonded means to have obtained a surety bond, which is required of you by the government if you are getting licensed , by a construction project owner if you are a contractor , or by a court if you are a fiduciary or are appealing a ruling.

A bonded employee is one for which the employer has taken out such a policy. If your job requires working with a lot of cash or valuables, your employer may ask that you be bonded. Bonding is a type of insurance for the employer.

It protects business owners from employee theft and also compensates the employer in cases of property loss caused by an employee. In the US, job applicants where they are responsible for handling large sums of money are frequently bonded. This means an insurance policy is taken out on them after an investigation for the amount of the bond, usually into the millions of dollars. To be bondable means that your future employer is ensured and protected against any loss that comes as a direct result of fraudulent, dishonest, or criminal activities of an employee.

Employers who deal with cash, such as retail stores and banks, need a way to protect themselves in the event employees misuse or steal that money. Bonding provides that mechanism, and as a representative of that business, you might be required to become bonded. If you must be bonded to handle cash, you may have to secure the bond through a surety company.

According to SuretyBonds.