Plumbers Local No. 24 - Wage Welfare — required surety bond in New Jersey. Apply online in minutes.
The Plumbers Local No. 24 Wage and Welfare Bond is a union bond that guarantees contractors will pay the appropriate wages and fringe benefits to union members. It serves as a financial safeguard to ensure that employer contributions to union trust funds are remitted correctly and on time.
Contractors and construction businesses operating in New Jersey who employ members of Plumbers Local Union No. 24 generally need this bond. It is typically required when an employer signs a collective bargaining agreement with the local union.
The union requires this bond to protect the financial interests of its members and their associated health and welfare funds. If a contractor defaults on paying required union wages, dues, or benefit contributions, the bond provides a mechanism for the union to recover those unpaid funds.
To get started, click Apply Now to complete our secure, approximately 5-minute online application. Once approved by Noah Insurance Agency, your official bond will be delivered directly to you by email.
Premiums vary based on the union's required bond amount and the applicant's credit and financial history. Please apply online for exact figures.
Required bond amounts vary widely and are usually based on the number of union members you employ or your estimated payroll. You must verify the exact requirement directly with Plumbers Local No. 24 before applying.
Yes, Noah Insurance Agency works with a nationwide network of carriers to assist applicants with a variety of credit profiles. You can call us at 814-718-0060 or apply online to explore your options.
Bond terms vary based on the specific collective bargaining agreement and surety guidelines. You will need to verify renewal requirements with the union to ensure continuous coverage.
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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