Iron Workers Local Union No. 3 - Wage & Fringe Benefits — required surety bond in Pennsylvania. Apply online in minutes.
A Wage and Fringe Benefits Bond for the Iron Workers Local Union No. 3 is a commercial surety bond that guarantees a contractor will pay appropriate union dues, wages, and benefit contributions. It serves as a financial safety net for union members, ensuring they receive their earned compensation. If the contractor defaults on these contractual payments, the bond provides funds to cover the owed amounts.
Contractors and construction companies operating in Pennsylvania who employ members of the Iron Workers Local Union No. 3 typically need this bond. It is often required prior to signing a collective bargaining agreement or initiating a union contract. Employers using union labor for specific projects must secure this bond to maintain active, compliant union relations.
The union requires this bond to protect its members from financial harm caused by an employer's failure to remit wages or fringe benefits. It guarantees that health, welfare, pension, and other union trust funds remain fully funded according to the collective bargaining agreement. Because specific contract terms vary, contractors must verify exact bond requirements directly with the union.
Getting started is easy—simply click the Apply Now button to access our secure online portal. The application takes about 5 minutes to complete, and once approved, your bond will be delivered directly to you by email. If you need assistance along the way, call Noah Insurance Agency at 814-718-0060.
Premiums vary based on the applicant's credit history, business financials, and the total bond amount required by the union. Please apply online with Noah Insurance Agency for an exact quote.
The surety company will investigate the claim to determine its validity. If valid, the surety will pay the union up to the bond's limit to cover the missing benefits, and you will be legally responsible to reimburse the surety in full.
Bond requirements vary widely depending on your estimated number of union workers and expected wage contributions. You must verify the exact required bond amount directly with the Iron Workers Local Union No. 3.
Yes, Noah Insurance Agency works with a nationwide network of carriers to help applicants with varying credit profiles secure the bonds they need. Approval and rates will vary based on individual underwriting.
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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