What Does Bondable Mean on a Job Application?
"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.