Local No. 577 Plumbing and Pipefitting Industry - Wage and Welfare ($50,000) — required surety bond in Ohio. Apply online in minutes.
The Local No. 577 Plumbing and Pipefitting Industry Wage and Welfare bond is a union surety bond that guarantees contractors will properly pay wages and fringe benefits to union members. It serves as a financial safeguard for the union to ensure that all collective bargaining agreements are strictly upheld.
Contractors and construction businesses in Ohio that employ members of the Local No. 577 Plumbing and Pipefitting Industry typically need this bond. It is generally required for any employer participating in union contracts within this specific jurisdiction.
The union requires this bond to protect its members from the non-payment or delayed payment of their earned wages, health benefits, and welfare contributions. It ensures that the contractor maintains financial responsibility and adheres to the compensation terms outlined in the union agreement.
Click the Apply Now button to complete our secure, five-minute online application. Once your information is processed by Noah Insurance Agency, your finalized bond will be delivered to you by email.
Premiums vary based on the required bond amount, your personal credit profile, and your business's financial history. To get an exact figure, please apply online or call Noah Insurance Agency at 814-718-0060.
Bond amount requirements vary depending on the specific collective bargaining agreement and the number of union members you employ. You must verify the exact amount required directly with the Local No. 577 union before securing your bond.
Generally, this specific bond is only required for contractors who have entered into an agreement with Local No. 577. Requirements vary, so always verify your specific bonding obligations with the appropriate issuing agency.
Yes, Noah Insurance Agency is licensed nationwide and works with a variety of specialized surety markets to find solutions for most applicants. Apply online to see what bonding options are available for your specific financial situation.
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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