Operating Engineers Local No. 139 - Wage Welfare — required surety bond in Wisconsin. Apply online in minutes.
The Operating Engineers Local No. 139 Wage Welfare Bond is a type of union bond required from employers in Wisconsin who hire members of this specific union. It guarantees that the employer will properly and punctually pay all agreed-upon wages, fringe benefits, and union dues. If the employer defaults on these financial obligations, the bond provides a mechanism of financial protection for the union members.
Contractors and construction businesses employing members of the Operating Engineers Local No. 139 union typically need to secure this bond. It is generally required by the union before a contractor can formalize a collective bargaining agreement.
The union requires this bond to protect the financial livelihoods of its workers and the integrity of its benefit funds. By mandating the bond, the union ensures there is a guaranteed source of funds available if an employer fails to remit required wages, pension contributions, or health and welfare payments. This mitigates the risk of financial loss for the workers and the union trust funds.
To get started, click the Apply Now button to complete our secure online application in about five minutes. Once your application is reviewed and payment is processed, your bond will be delivered directly to you by email. For assistance, you can contact Noah Insurance Agency, licensed nationwide, at 814-718-0060.
Premiums are calculated based on a percentage of the total bond amount, alongside a review of the applicant's credit history and business financials. Because pricing requirements vary, we recommend you apply online for exact figures.
Bond amount requirements vary and to verify with the issuing agency or apply online for exact figures. The union typically determines the size of your bond based on the number of union employees you hire and your estimated contribution volumes.
Yes, wage and welfare bonds typically require continuous renewal for as long as you employ union members and are subject to the collective bargaining agreement. Requirements vary, so always check with the issuing agency regarding your specific renewal deadlines.
Yes, Noah Insurance Agency works with a wide network of surety partners nationwide to help secure bonds for applicants with diverse credit backgrounds. Apply online or call us at 814-718-0060 to see what options are available for your business.
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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