Composition Roofers Local No. 10 - Wage and Welfare — required surety bond in New Jersey. Apply online in minutes.
A Composition Roofers Local No. 10 Wage and Welfare bond is a union surety bond that guarantees contractors will pay union members their earned wages and fringe benefits on time. It serves as a financial safeguard for the union and its workers against employer defaults or unpaid contributions.
Contractors and roofing companies in New Jersey that employ members of the Composition Roofers Local No. 10 typically need this bond. Any roofing business entering into a collective bargaining agreement with this specific local union will generally be required to secure this coverage.
The union requires this bond to protect its members from financial harm if a contractor fails to remit required union dues, wages, health, or welfare contributions. By requiring the bond, the union ensures that employee compensation and benefit funds remain stable even if the employer faces financial difficulties.
To get started, click the Apply Now button to complete our secure, approximately 5-minute online application. Once processed, our team at Noah Insurance Agency will issue your bond and deliver it directly to you via email.
Premiums vary based on the applicant's credit history, financial standing, and the required bond amount. Please apply online with Noah Insurance Agency for an exact quote.
Bond amounts vary and are typically determined by the union based on your estimated payroll and the number of union employees. You must verify the exact figure directly with the issuing agency or union before applying.
No, this bond specifically guarantees the payment of wages, union dues, and fringe benefits to union members, not the quality of your construction work or materials.
Yes, bonding options are often available for applicants with less-than-perfect credit, though premium rates may vary. Apply online or call Noah Insurance Agency at 814-718-0060 to explore your options.
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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