Int'l Assoc. of Heat & Frost Insulators and Allied Workers Local No. 1 - Wage and Fringe ($30,000) — required surety bond in Missouri. Apply online in minutes.
The International Association of Heat and Frost Insulators and Allied Workers Local No. 1 Wage and Fringe bond is a commercial surety bond that guarantees contractors will pay union employees their earned wages. It also ensures the employer makes all required contributions to the union's fringe benefit trust funds. This financial guarantee protects union members and their families from unpaid labor and lost benefits.
Employers and contractors who hire members of the International Association of Heat and Frost Insulators and Allied Workers Local No. 1 typically need this bond. It is often required before an employer can execute a collective bargaining agreement or dispatch union members to job sites in Missouri.
The union requires this bond to safeguard its members from contractors who might default on payroll or fail to remit trust fund payments. It provides a reliable source of financial recourse for the union and its workers if the employer goes bankrupt or violates the collective bargaining agreement. By requiring this bond, the union ensures that workers are fully and fairly compensated for their labor.
Click the Apply Now button to complete our secure, approximately 5-minute online application. Once your application is reviewed and approved, your bond will be delivered directly to your email. For assistance, you can call Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary widely based on the total bond amount required by the union and the personal credit history of the business owner. To get an exact price, submit an online application with Noah Insurance Agency.
Required bond amounts vary depending on your specific collective bargaining agreement and the number of union employees you hire. You must verify the exact required bond amount directly with Local No. 1 prior to applying.
Yes, Noah Insurance Agency works with a nationwide network of carriers to help contractors with varying credit histories secure union bonds. Keep in mind that applicants with lower credit scores may see different premium rates.
The obligee is the entity requiring the bond, which in this case is the International Association of Heat and Frost Insulators and Allied Workers Local No. 1 and its associated fringe benefit funds. Always verify the exact legal name and address of the obligee with the union to ensure your bond is issued correctly.
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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