A Union Wage And Welfare Bond guarantees that wages and dues will be paid for hired union labor by the respective employers of union workers.The bond is very difficult to obtain since in the past these bonds have suffered very high loss ratios and forced many surety companies out of business. At this time very few companies offer these bonds, and the ones that do have higher rates, even with good credit. For many, this bond will be unavailable due to the personal credit history of the owner.In addition to the online application, we will need an e-mailed or faxed copy of the required bond. Each union has its own specifically worded surety bond.
Our Free 24 Hour Quote ProcedureHow to cut down the approval process and keep your cost low:
Our applications are all that's usually needed to get you a price.
Occasionally, more information is needed. If so, we will contact you within 24 hours.
If you have credit issues, approvals might need an additional day.
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Bond approvals, like loans, are based on personal credit, financial strength of the owner, bond amount and type of bond. The more information you provide, the better chance you have of getting the lowest available price and a faster approval.