Sheet Metal Workers International Association, Local No. 24 - Wage and Fringe Benefits ($20,000) — required surety bond in Ohio. Apply online in minutes.
The Sheet Metal Workers International Association, Local No. 24 Wage and Fringe Benefits bond is a financial guarantee required by the union. It ensures that signatory contractors pay all required wages, union dues, and fringe benefits to their union employees. If a contractor defaults on these payments, the bond provides a mechanism to compensate the affected workers and the union's benefit funds.
Contractors and employers in Ohio who hire members of the Sheet Metal Workers International Association, Local No. 24 typically need this bond. It is generally required for businesses that have entered into a collective bargaining agreement with this specific local union.
The local union requires this bond to protect its members from financial loss if an employer fails to meet their payroll or benefit contributions. It acts as a safety net, guaranteeing that health, welfare, and pension funds receive the agreed-upon contributions. Requirements vary, so employers should verify the exact bond terms directly with the union leadership or benefit fund administrators.
Getting your union wage and welfare bond is simple with Noah Insurance Agency. Click Apply Now to complete our secure, approximately 5-minute online application. Once approved, your bond can be delivered directly to your email for quick submission to the union.
Premiums vary based on the applicant's credit history, financial standing, and the required bond size. Apply online with Noah Insurance Agency for an exact quote based on your specific business profile.
Bond amounts are generally determined by the union based on your estimated payroll and fringe benefit contributions. Requirements vary, so you must verify your specific required amount directly with the Sheet Metal Workers International Association, Local No. 24.
Yes, Noah Insurance Agency is licensed nationwide and works with a wide network of sureties to help applicants with varying credit histories find coverage. Give us a call at 814-718-0060 or apply online to see your available options.
Approval times vary depending on the underwriting process and the complexity of your application. Submitting a complete, secure online application helps expedite the process to get your bond issued as quickly as possible.
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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