Bricklayers & Allied Craftworkers Local No. 2 - Wage & Welfare Bond — required surety bond in New York. Apply online in minutes.
The Bricklayers & Allied Craftworkers Local No. 2 Wage & Welfare Bond is a type of commercial surety bond required for certain employers. It serves as a financial guarantee that a signatory contractor will pay all earned wages, union dues, and fringe benefits to the union and its members as agreed.
Contractors and construction businesses operating in New York who hire members of the Bricklayers & Allied Craftworkers Local No. 2 typically need this bond. It is generally required for any employer who signs a collective bargaining agreement with this specific union local.
The union requires this bond to protect its members from financial harm in the event an employer defaults on payroll, pension contributions, or health and welfare fund payments. It acts as a safety net to ensure union workers receive their fully negotiated compensation.
Click the Apply Now button to start your secure, approximately 5-minute online application. Once processed and approved, your bond will be delivered directly to you by email. For assistance, contact Noah Insurance Agency at 814-718-0060.
Premiums vary based on the required bond amount and the applicant's credit history and financial profile. To get an exact figure, please submit an online application.
Bond amount requirements vary based on the size of your union workforce and the specific terms of your collective bargaining agreement. You must verify the exact required amount directly with the Bricklayers & Allied Craftworkers Local No. 2.
Yes, it is often possible to secure a wage and welfare bond with less-than-perfect credit. Rates vary depending on your specific financial situation, so applying online is the best way to see your exact premium.
Renewal requirements vary depending on the terms of your collective bargaining agreement and the bond's stipulations. Generally, the bond must remain active for as long as you employ union members and have an active contract.
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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