Plumbers Local Union No. 68 - Fringe Benefits — required surety bond in Texas. Apply online in minutes.
The Plumbers Local Union No. 68 Fringe Benefits bond is a financial guarantee used in the Texas construction industry. It ensures that signatory contractors make all required contributions to union fringe benefit funds, such as health, pension, and vacation trusts. If a contractor fails to pay these negotiated benefits on behalf of their employees, the bond provides financial compensation to the union.
Plumbing contractors operating in Texas who employ members of the Plumbers Local Union No. 68 typically need this bond. It is generally required for construction employers who have entered into a collective bargaining agreement with this specific union.
The union requires this bond to protect their members' overall compensation packages and to secure the financial stability of the union's benefit trusts. It acts as a safety net, guaranteeing that promised health and retirement benefits are fully funded even if the employing contractor defaults on their payment obligations.
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. If you have any questions, our licensed team is available nationwide at 814-718-0060.
Premiums for this bond vary based on the required bond amount and the business owner's credit history. To find out your exact cost, please apply online or call Noah Insurance Agency at 814-718-0060 for a personalized quote.
Required bond amounts vary and are typically based on your estimated payroll, the number of union employees, or specific terms in your contract. You must verify the exact bond amount required with Plumbers Local Union No. 68 before applying.
Approval times vary depending on the specifics of your application and individual underwriting requirements. Submit our quick online application to get your specific approval status and timeline.
If you fail to make the required benefit contributions, the union can file a claim against your bond to recover the owed funds. You are ultimately responsible for reimbursing the surety company for any valid claims paid out.
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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