What does bondable mean on a job application?

Answer

"Bondable" on a job application means a person is deemed worthy of bond or insurance coverage. The insurer provides coverage for an owner-operator or a company employee if the insurer finds that party worthy of coverage.

Insurance companies analyze several types of information when determining whether an employee is bondable. Someone who has a criminal record, particularly one with theft and/or violent crime, is much less likely to be considered bondable. Convictions for fraud and poor credit histories can also be a threat to bondability. The precise requirements vary by the line of work that the candidate is in, whether the candidate owns his or her own business or works for a larger company, and the laws of the state or country in which the company operates.

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What Does Bondable Mean on a Job Application?
Bonding is a way to insure against a particular event ever happening. In terms of job applications, asking whether you are eligible for a bond is a way of asking if an agency, like an insurance company, will provide the surety. In general, you're... More »
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