Northern Ohio LMC, Inc. - Wage and Fringe Benefits — required surety bond in Ohio. Apply online in minutes.
This bond is a financial guarantee required of certain union contractors operating in Ohio. It ensures that the employer makes all required wage, fringe benefit, and union fund payments in accordance with their collective bargaining agreement. If the contractor defaults on these financial obligations, the bond provides a mechanism to compensate the affected workers and union trusts.
Contractors and construction companies in Ohio that have entered into a collective bargaining agreement involving the Northern Ohio LMC, Inc. typically need this bond. It is required for employers utilizing specific union tradespeople to guarantee their benefit contributions.
The Northern Ohio LMC, Inc. and associated local unions require this bond to protect their members' financial livelihoods. It safeguards workers by ensuring that their wages, health insurance, pension contributions, and other agreed-upon fringe benefits are fully funded even if the employer experiences financial difficulties.
To get started, simply click Apply Now to access our secure online application. The form takes about five minutes to complete, and once approved, Noah Insurance Agency will deliver your bond directly to you by email.
Premiums vary based on the specific bond amount required by your union agreement and the business owner's credit history. To get an exact figure, please submit an online application with Noah Insurance Agency.
Required bond amounts are typically determined by the terms of your collective bargaining agreement and your estimated payroll or number of union employees. You must verify the exact requirement directly with the Northern Ohio LMC, Inc. or your local union office.
Yes, it is often possible to secure this bond even with less-than-perfect credit, though approval requirements vary and the premium rate may be impacted. Apply online to review your specific options.
You can call Noah Insurance Agency nationwide at 814-718-0060, and our team will be happy to assist you with the bonding process.
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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