Iron Workers Local Union No. 17 - Wage and Benefit Bond ($30,000) — required surety bond in Ohio. Apply online in minutes.
A wage and benefit bond is a financial guarantee ensuring that employers adhere to the payroll and benefit contribution terms of their union contract. For the Iron Workers Local Union No. 17, this bond specifically guarantees that union members receive their properly earned wages and fringe benefits. If an employer defaults on these financial obligations, the bond provides a mechanism for the union to recover the owed funds.
This bond is generally required for construction contractors and companies operating in Ohio that employ members of the Iron Workers Local Union No. 17. Any employer entering into a collective bargaining agreement with this specific local union will typically need to secure this coverage.
The union requires this bond to protect its members from financial harm if an employer fails to pay wages or remit required benefit contributions. It guarantees compliance with the collective bargaining agreement, ensuring workers and their benefit funds are adequately protected against employer insolvency or default.
Applying is easy with Noah Insurance Agency. Simply click Apply Now to complete a secure online application in about 5 minutes. Once finalized, your bond will be delivered conveniently by email.
Premiums vary based on the applicant's credit profile, business financials, and the required bond size. Please apply online or call Noah Insurance Agency at 814-718-0060 for an exact quote.
Bond amounts vary depending on the specifics of your collective bargaining agreement and the size of your union workforce. You must verify the exact bond amount required directly with Iron Workers Local Union No. 17.
Approval times vary from applicant to applicant based on underwriting requirements. Submitting a complete and accurate online application helps ensure the fastest possible processing.
Requirements vary, but you typically must submit the signed bond directly to the union's benefit office or designated administrator. Always verify the specific filing instructions with the obligee.
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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