Board No. 63, Inc. - Wage and Fringe Benefit — required surety bond in Virginia. Apply online in minutes.
The Board No. 63, Inc. Wage and Fringe Benefit bond is a commercial surety bond that acts as a financial guarantee for employer obligations in Virginia. It ensures that an employer pays all required wages, union dues, and fringe benefit contributions on behalf of their employees. If the employer defaults on these payments, the bond provides a mechanism for the board to seek financial restitution.
Contractors and employers operating in Virginia who have signed a collective bargaining agreement with Board No. 63, Inc. typically need this bond. It is generally required before union workers can be dispatched to a job site or before an employer can officially operate under the agreement.
Board No. 63, Inc. requires this bond to protect union members from wage theft or unpaid benefit contributions. It guarantees that funds designated for workers' healthcare, pensions, and paychecks are secure even if the employer faces financial difficulties. Exact legal requirements vary, so employers should verify details directly with the issuing agency.
Getting started is simple—just click the Apply Now button to access our secure online application. The form takes about five minutes to complete, and once processed, your bond will be delivered directly by email.
Premiums vary based on your required bond amount and the applicant's credit history. Because rates fluctuate, please apply online for an exact quote tailored to your business.
Bond amounts are not fixed and often depend on factors like the number of union employees you hire and the specific collective bargaining agreement. You must verify your exact required bond amount directly with Board No. 63, Inc.
Yes, applicants with various credit histories can often secure a bond, though the premium rate may vary. You can contact Noah Insurance Agency at 814-718-0060 or apply online to explore your coverage options.
Once your bond is issued, you will receive it via email. You will then need to sign the document as the principal and submit it directly to Board No. 63, Inc. according to their current filing instructions.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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