Painters District Council No. 30 - Wage and Welfare — required surety bond in Illinois. Apply online in minutes.
The Painters District Council No. 30 Wage and Welfare Bond is a commercial surety bond that guarantees a union contractor will fulfill their financial obligations to their union employees. It provides a financial guarantee that agreed-upon wages, union dues, and fringe benefit contributions will be paid on time and in full.
Contractors and employers operating in Illinois who hire union painters and allied trades workers from the Painters District Council No. 30 typically need this bond. It is generally required as part of a collective bargaining agreement before the union will dispatch workers to a job site.
The union requires this bond to protect its members' financial livelihoods and ensure contractor compliance with the collective bargaining agreement. If an employer defaults on wage payments or fails to remit required health and welfare fund contributions, the union can make a claim on the bond to recover the owed funds.
To get started, simply click Apply Now to complete our secure, approximately 5-minute online application. Once your application is reviewed and processed, Noah Insurance Agency will deliver your bond directly to you by email.
Premiums vary based on the required bond amount and the applicant's financial and credit profile. Because requirements vary, please apply online or call Noah Insurance Agency at 814-718-0060 to get your exact figures.
The required bond amount is determined directly by the Painters District Council No. 30, often based on the number of union members you employ or expected payroll. You must verify the exact required amount with the union prior to purchasing your bond.
If a valid claim is filed due to unpaid wages or fringe benefits, the surety company will compensate the union up to the full bond amount. The contractor is then legally obligated to reimburse the surety company for all funds paid out.
Yes, wage and welfare bonds typically require periodic renewal. You must maintain an active bond for as long as you employ members of the Painters District Council No. 30 and are subject to their collective bargaining agreement.
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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