International Union of Painters No. 21 - Wage and Fringe Benefits — required surety bond in Pennsylvania. Apply online in minutes.
The International Union of Painters No. 21 Wage and Fringe Benefits bond is a financial guarantee required of employers hiring union members in Pennsylvania. It ensures that the contractor faithfully pays all agreed-upon wages, union dues, and fringe benefit contributions on behalf of the workers. If the employer defaults on these payments, the bond provides a mechanism for the union to recover the missing funds.
Contractors and employers operating in Pennsylvania who enter into a collective bargaining agreement with the International Union of Painters No. 21 generally need this bond. Subcontractors utilizing union labor may also be required to secure this coverage before beginning work. Requirements vary, so employers should always verify their specific bonding obligations with the union directly.
The union requires this bond to protect its members from financial harm caused by an employer's failure to pay wages or benefits. It acts as a safety net, ensuring that health, welfare, and pension funds receive their mandated contributions even if the contractor faces financial difficulties. Ultimately, it guarantees compliance with the payment terms of the collective bargaining agreement.
Applying for your Pennsylvania union bond is simple with Noah Insurance Agency (814-718-0060). Click the Apply Now button to complete a secure online application in approximately five minutes. Once your application is processed, your bond will be delivered directly to you via email.
Premiums vary based on the applicant's credit history, financial standing, and the total bond amount required by the union. Apply online with Noah Insurance Agency to receive an exact figure for your specific situation.
Bond amounts are typically calculated based on the number of union workers employed or the estimated monthly fringe benefit contributions. Because these requirements vary, you must verify the exact bond amount needed directly with the International Union of Painters No. 21.
Yes, it is often possible to secure a wage and fringe benefits bond with less-than-perfect credit. Noah Insurance Agency works with multiple carriers nationwide to find bonding solutions, though premiums may vary based on your credit profile.
The bond protects the International Union of Painters No. 21 and its members. It does not protect the employer; rather, it guarantees that the employer fulfills their financial obligations regarding wages, dues, and benefits.
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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