South West LMC, Inc. - Wage and Fringe Benefits — required surety bond in West Virginia. Apply online in minutes.
The West Virginia South West LMC, Inc. Wage and Fringe Benefits Bond is a financial guarantee often required for contractors participating in specific union agreements. It guarantees that the employer will accurately and fully pay all required wages, dues, and fringe benefit contributions to union workers according to their collective bargaining agreement.
Contractors and businesses operating in West Virginia who employ union labor associated with South West LMC, Inc. generally need this bond. It is typically required before an employer can hire these union workers or become a signatory to the associated labor contract.
South West LMC, Inc. requires this bond to protect union members and their benefit funds from unpaid labor compensation. If an employer defaults on their obligation to pay wages or contribute to fringe benefit accounts, the bond provides a mechanism to recover those owed funds.
Applying for your wage and fringe benefits bond is simple with Noah Insurance Agency. Click Apply Now to complete our secure, five-minute online application. Once approved, your bond will be delivered directly to you by email.
Premiums vary based on the required bond amount and the applicant's financial and credit profile. Please apply online with Noah Insurance Agency for an exact quote.
Required bond amounts vary and are determined directly by the obligee, often based on your estimated payroll or number of union employees. You must verify your specific required bond amount with South West LMC, Inc. before applying.
Approval times vary depending on the applicant's specific underwriting profile and the bond amount requested. Submit our five-minute online application to start the underwriting process.
Yes, Noah Insurance Agency (814-718-0060) works with a nationwide network of carriers to help applicants with diverse credit histories. Underwriting requirements vary, so please apply online to see your options.
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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