Bonding RequirementsBonding Requirements • April 11th, 2023
Bonding is an agreement between a bonding or insurance company and an entity whereby the insurance or bonding company guarantees payment of a specified dollar amount as damages, in the event covered employees cause financial loss to the entity. Bonding requirements ensure that the DWD is indemnified against financial losses caused by officers and employees who hold fiduciary positions with Subrecipients.
1.2 DB Agreement ReferenceBonding Requirements • December 14th, 2017
