Plumbers and Steamfitters Local No. 440 - Wage and Welfare (Partnership or Sole Proprietor) — required surety bond in Indiana. Apply online in minutes.
The Plumbers and Steamfitters Local No. 440 Wage and Welfare Bond is a commercial surety bond designed specifically for partnerships and sole proprietors employing union members. It guarantees that the employing contractor will make all required contributions to the union's health, welfare, pension, and other fringe benefit funds. Additionally, it ensures that union members receive their proper, timely wages as outlined in the collective bargaining agreement.
Plumbing, steamfitting, and HVAC contractors operating as sole proprietors or partnerships in Indiana typically need this bond. Specifically, it is required for those who hire union members from the Plumbers and Steamfitters Local No. 440. Contractors must secure this bond before employing union labor to comply with the local's labor agreements.
Local No. 440 requires this bond to protect its union members from financial loss due to a contractor's failure to pay wages or benefit contributions. It acts as a financial safeguard for the union's trust funds, ensuring that health, pension, and training accounts are reliably funded. If a contractor defaults on these obligations, the union can file a claim against the bond to recover the owed compensation.
Getting your bond is simple when you click Apply Now to start our secure online application. The application takes approximately five minutes to complete from your phone or computer. Once approved and processed by Noah Insurance Agency, your bond will be delivered directly to you by email.
Premiums vary based on the applicant's credit history and the total bond amount required by the union. Please apply online with Noah Insurance Agency to receive an exact quote based on your specific situation.
The Plumbers and Steamfitters Local No. 440 determines the required bond amount, which often depends on your estimated monthly union contributions or the number of union employees. You must verify your specific bond amount requirement directly with the union before applying.
Yes, we work with a variety of surety markets, and approval is often still possible for applicants with less-than-perfect credit. Apply online or call Noah Insurance Agency at 814-718-0060 to let our experts find the best available rates for you.
Filing requirements vary, but you will generally need to submit the signed, original bond to the Local No. 440 union office or their trust fund administrator. Always verify the preferred submission method and any accompanying paperwork directly with the obligee.
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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