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Wage and Welfare Bond

Wage and Welfare Bond

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What is a Wage and Welfare Bond?

Wage and Welfare Bonds (also known as Union Wage Bonds, Fringe Benefit Bonds, or Welfare Fund Bonds) generally provide a guarantee that union dues will be paid and contractual obligations are met on behalf of the employees. The bond effectively ensures a unionized business meets its contractual labor obligations. Wage and welfare bonds are typically written at a local level. These bonds are considered high risk by insurers and require more extensive underwriting.

How Much Will My Surety Bond Cost?

Surety Bonds Direct offers exceptional prices for Wage and Welfare Bonds nationwide. Please select your state for specific pricing information. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the best price in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

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