Wage & Welfare Bond

Unions require this type of bond when negotiating collective bargaining agreements with companies. If a union member company fails to uphold its obligations under the bond’s terms, the bond amount can be used to pay claims for salary, wages, fringe benefits and/or compensation for services rendered by employees represented by the union. Each wage and welfare bond is unique depending on the union that requires it. As such, these bonds are known by many different names, such as:

 

  • Union Bond
  • Wage and Fringe Benefits Bond
  • Wage Fund Bond
  • Welfare Fund Bond
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Bernard Fleischer & Sons, Inc. / BF Bond Search link

AN INSURANCE AND BONDING AGENCY WORTH RECOMMENDING. SINCE 1949.

800.921.1008