Local No. 22 Employee Benefit Funds — required surety bond in New York. Apply online in minutes.
The New York Local No. 22 Employee Benefit Funds bond is a type of union wage and welfare surety bond. It guarantees that employers will make all required contributions to the union's employee benefit funds, including health, welfare, and pension accounts. This protects union members by ensuring their earned fringe benefits are fully funded according to collective bargaining agreements.
Contractors, construction firms, and business owners who hire members of Local No. 22 in New York typically need this bond. It is generally required for any employer who has entered into a collective bargaining agreement with this specific union.
The union requires this bond to protect its members from financial harm if an employer defaults on their benefit payment obligations. It acts as a financial safeguard ensuring that all fringe benefits outlined in the union contract are paid. If an employer fails to remit these payments, the bond provides a mechanism for the union to recover the missing funds.
Click the Apply Now button to complete a secure online application in about five minutes. If you have questions, you can reach Noah Insurance Agency at 814-718-0060. Once your application is processed and the premium is paid, your bond will be delivered securely by email.
Premiums vary based on the specific bond amount required by the union and the personal credit history of the applicant. To find out your exact cost, please submit a quick online application with Noah Insurance Agency for a personalized quote.
The required bond amount is set directly by the Local No. 22 union. It is often calculated based on the number of union employees you hire or your expected monthly benefit contributions, so you must verify the exact requirement with the union before applying.
Yes, Noah Insurance Agency is licensed nationwide and works with a large network of surety carriers. This allows us to find bonding solutions for contractors and employers with a wide variety of credit backgrounds.
Term lengths and renewal cycles vary based on the union's specific rules and your collective bargaining agreement. You will generally need to renew the bond and keep it active for as long as you continue to employ members of Local No. 22.
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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