Wage and Welfare Bonds are surety bonds required by unions in order to guarantee the timely payment of union dues by its members. This form of financial guarantee is also referred to as Union Bonds.
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Current Market for Wage and Welfare Bonds: Seeing how this is essentially a form of financial guarantee, many bonding companies in the industry have shied away from writing this type of commercial bond. However, good rates are made available from some bonding companies, which is why it's important for you to find an agency with business connections that can save you money.
About Our Programs: Our agency has solid business relationships with bonding companies that are still willing to write this type of surety bond at extremely competitive rates. If you're unable to qualify for a standard surety bond program due to bad credit, or for any other reason that would make you a high risk applicant, you should consider one of our Bad Credit Surety Bond Programs.