On a job application, the word “bonded” is used when the job involves working with valuables or a lot of cash, and the employer wants to know if the applicant has insurance. This bond is also called a “surety bond.”
There are bonding companies and some insurance companies that will offer a surety bond to a person, business, or subcontractor to pay for damaged goods or stolen property if an employee did it. When the employer files a claim, an investigation is done, and if the worker is found to be at fault or guilty of a crime, the bonding company pays the employer from the bond.
