Local Union 7 & 62 Tile Setters & Tile Finishers - Wage and Fringe Benefits ($25,000) — required surety bond in New York. Apply online in minutes.
The Local Union 7 & 62 Tile Setters & Tile Finishers Wage and Fringe Benefits bond is a financial guarantee required of employers operating under a collective bargaining agreement. It ensures that the employer faithfully pays all required union wages, dues, and fringe benefits on time. If the employer defaults on these payments, the bond provides a mechanism for the union to recover the missing funds.
Contractors and employers in New York who hire members of the Local Union 7 & 62 Tile Setters & Tile Finishers typically need this bond. It is generally required for businesses that have entered into a collective bargaining agreement with this specific local union.
The obligee requires this bond to protect its union members from employers who fail to meet their financial obligations. It ensures that tile setters and finishers actually receive their rightfully earned wages, health contributions, and retirement benefits. This financial safeguard helps maintain trust and financial stability for the union's workforce.
Applying for this bond is simple—just click Apply Now to start our secure online application. The process takes about 5 minutes to complete, and once approved, your bond can be delivered directly to you by email. For assistance or to apply online for exact figures, contact Noah Insurance Agency at 814-718-0060.
Premiums vary based on the applicant's credit history and business financials. We cannot state specific prices, so please apply online for exact figures tailored to your situation.
If you fail to pay, the union can file a claim against your bond. If the claim is valid, the surety pays the union, but you are fully responsible for reimbursing the surety for all paid out funds.
Bond amount requirements vary depending on your specific collective bargaining agreement and the number of union employees you hire. You must verify the exact required amount with the issuing agency or union office.
Yes, it is often possible to obtain a bond with less-than-perfect credit, though requirements vary. Complete our secure online application to see your options and exact figures through Noah Insurance Agency.
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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