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Union Bond

  • Lance Surety Bonds underwrites union bonds across the U.S.
  • Also known as a wage and welfare bond
  • Great bonding options for union bonds
  • Seamless online application

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What Is a Union Bond?

Union bonds, sometimes referred to as “wage and welfare bonds,” are required in cases when a company wants to hire an employee represented by a union. The bond guarantees that the employer will cover all due payments on wages and welfare for the union employee.

Union bonds are financial guarantee surety bonds. They work as a contract between three parties. Your company is the principal asked to get bonded. The obligee is the entity requiring the bond, usually the union of the employee. Finally, the surety is the bond underwriter.

In case the business does not meet its obligations towards union employees, a claim can be made on the wage and welfare bond. If proven, the company needs to compensate the claimants in full.

Because of the direct financial reimbursement involved, union bonds are high-risk. That’s why obtaining them requires posting collateral in most cases.

Questions about Wage Welfare Bonds

Who needs to obtain a union bond?

Companies that want to employ people who are members of a union are required to obtain wage and welfare bonds.

Often, businesses settle collective agreements with unions about the conditions under which they can hire union members. Usually union bonds are decided on then. Every union sets the conditions and bonding amount individually.

Are there different types of union bonds?

While there are different names for union bonds, by and large they serve the same purpose: to protect union workers from non-payment of wages and benefits on the side of their employers.

There are some variations between union bonds across the U.S. Each wage and welfare bond is slightly different, as each union decides on the specific conditions to be set in it.

Some of the ways in which union bonds are referred to include wage fund bonds, wage and fringe benefits bonds, welfare fund bonds and fringe benefits bonds. In case the name mentions only welfare or fringe benefits, this means that the bond guarantees the due payment only of these benefits and not of wages. |

How much does a union bond cost?

The price of your union bond, first and foremost, depends on the surety bond amount required by the union that represents your employees. It is often settled during negotiations between unions and companies, and applies to all workers in that union.

Because union bonds are high-risk bonds, your bond price is not calculated the same way as other surety bonds’ cost. There have been numerous cases of claims on wage and welfare bonds, which makes posting a collateral, often 100%, a usual requirement when getting a union bond.

Besides the collateral, you need to cover a bond premium, which is a fraction of the surety bond amount.

To set your bond premium, your surety will still consider your personal credit score and overall finances. If they are both strong, you are likely to get a lower bond premium in the range of 1%-4% of the bond amount.

Regarding the collateral, often it is difficult to avoid posting it. However, if you have long-term relations with your surety, a good history working with them, and strong finances, you might be able to pay only the bond premium and skip the collateral.

Can I get a union bond with bad credit?

Lance Surety Bonds works with many of the most prestigious A-rated, T-listed surety bond companies. This gives us the opportunity to offer you bad-credit bonding, even for the high risk union bonds.

The usual percentages for applicants with damaged credit or poor financials are between 5%-15% of the bond amount, which is needed to compensate for the risk involved. In most cases, getting a union bond with bad credit also means posting collateral.

Still, the bad credit program presents an option for companies that want to work with union employees to get the bond required for this. You can be sure that with us you’re getting top bonding rates and the best conditions on the market.

How do I get my union bond?

Getting your union bonds with Lance Surety Bonds is an easy and quick process. You can apply online to get your free bond quote in no time. After completing a full bond application, we will deliver your exact bond price.

The bonding process can be confusing, so if you have any questions, we are here to help. You can call us at (877) 514-5146 and we will be happy to guide you through.

If you’d like to get more detailed information about how bonding works, our How to Get Bonded page is an excellent resource.

Find Your Surety Bond

  • California
    District Council of Iron Workers
    CA District Council Of Iron Workers
  • District of Columbia
    Voice-Data-Video National Agreement Bond
    IBEW AFL-CIO
  • District of Columbia
    Employer's Wage, Expense, Welfare, Pension, Annuit
    International Union of Bricklayers and Allied Craf
  • Federal Government
    IBEW Bond
    IBEW LOCAL 351
  • Georgia
    Southeastern Carpenters Millwrights Fringe Benefit
    Carpenters Local 256
  • Idaho
    Farm Labor Contractor Bond
    Idaho Department Of Labor
  • Illinois
    Council of Carpenters Wage and Fringe Benefit
    Chicago and Northeast Illinois District Council of
  • Illinois
    Contractors' Wage, Welfare, ETC.
    Sheet Metal Workers Local Union 73
  • Illinois
    Painters District Council No. 30
    Painters District Council # 30
  • Illinois
    Employer's Wage
    Local Number 134, International Brotherhood of Ele
  • Illinois
    IUOE Local 520 Bond
    International Union of Operating Eng Local 520
  • Illinois
    IBEW #9 Employer's Wage Bond
    Local Union 9 IBEW
  • Illinois
    Employer's Fringe Benefit Bond
    Local Number 134 International Brotherhood of Elec
  • Illinois
    Contractor's Wage and Welfare Bond for Pipe Fittin
    Pipe Fitters' Association Local Union No. 597
  • Illinois
    Chicago Employer Wages and Fringe Benefit Bond
    Painters District Council #30
  • Illinois
    Local 701 - IBEW Sign Agreement Bonds
    Local 701 - Int'l Brotherhood of Electrical Worker
  • Illinois
    Granite-Cutters Union Local #21 Wage and Welfare B
    Granite-Cutters Union Local #21
  • Illinois
    OPCMIA Wage and Welfare Bond
    OPCMIA - Local 11
  • Illinois
    Fringe Benefit & Wage Bond
    Mid-Central Illinois Regional Council of Carpenter
  • Illinois
    Fox Valley Laborers Wage and Welfare Bond
    Fox Valley Laborers Fund Office
  • Illinois
    Contractor's Wage & Fringe Benefits Bond (Local 50
    Cement Masons Local 502
  • Illinois
    IBEW #9 Employer's Fringe Benefits Bond
    Local Union 9 IBEW
  • Illinois
    Employer's Bond (Construction and General Laborers
    Laborers' District Council of Chicago & Vicinity
  • Illinois
    Employer's Fringe Benefit Bond
    Local Number 134 International Brotherhood of Elec
  • Illinois
    Chicago Painter's District Council Wage and Fringe
    Painter's District Council #14
  • Illinois
    (Local Union No 597) Contractor's Wage and Welfare
    Local 597 Pipe Fitters
  • Illinois
    Dues and Fringe Benefit Bond (IBEW 461)
    IBEW Local 461
  • Illinois
    The Central Laborer's Pension Fund Bond
    central laborers pension fund
  • Illinois
    Insulation Work Bond (Local 17)
    International Association Heat & Frost Insulators
  • Illinois
    Contractors Wage, Wage Deduction and Fringe Benefi
    CONSTRUCTION WORKERS PENSION TRUST FUND OF LAKE CO
  • Illinois
    IBEW Local 150 Contractor Wage and Fringe Bond
    IBEW Local 150
  • Indiana
    IBEW Local 531 Contractor's Wage, Fringe Benefit a
    Intl Brotherhood of Electrical Workers Local 531
  • Indiana
    IBEW Local 153 Contractor Wage Bond
    Intl Brotherhood of Electricial Workers Local 153
  • Local Government
    AIWU Local #63 Bond
    Architectural & Ornamental Iron Workers Union 63
  • Local Government
    Employer Wage and Fringe Benefit Bond
    Local 176 IBEW
  • Maryland
    Local Union No. 24 - Electrical Workers, AFL-CIO
    Local Union No. 24 Intl Brotherhood of Elec.Worker
  • Maryland
    Maryland Electrical Industry Funds
    Maryland Electrical Industry Funds
  • Maryland
    Voice - Data - Video National Agreement Bond
    International Brotherhood of Electrical Workers
  • Maryland
    Plumbers and Steamfitters Local 486 Joint Administ
    Plumbers and Steamfitters Local 486 Joint Funds Ad
  • Maryland
    Payment of Employee Benefit Contributions and Wage
    MARYLAND PLUMBING & PIPEFITTING
  • Maryland
    Wage Payment Bond (IBEW Local 26)
    IBEW Local 26
  • Maryland
    Employer's Wage, Expense, Welfare and Pension Fund
    International Association Heat & Frost Insulators
  • Maryland
    Guaranteed Payment Bond (Local 26 IBEW-NECA)
    IBEW Local 26
  • Massachusetts
    Local No.12 Trust Funds and Other Funds Payment Bo
    Trustees of Plumbers Union Local 12 Trust Funds
  • Minnesota
    Fringe Benefit Bond (MCTCA)
    MN & ND Bricklayers and Allied Craftworkers
  • Missouri
    Painters' District Council #2
    Painter's District Council #2, Saint Louis
  • Missouri
    Employer's Wage, Expense, Dues Check Off, and Vaca
    Insulators & Allied Workers Local No.
  • Missouri
    Pension, Welfare and Vacation Funds Bond
    CEMENT MASONS LOCAL 527 & CEMENT MASONS LOCAL 527
  • Missouri
    Guaranteed Payment into Miscellaneous Benefit Fund
    Glaziers Local 513
  • Missouri
    Construction Laborers' Benefit Office Wage and Wel
    Construction Laborers' Benefit Office
  • Missouri
    Employer Contributions to Employee Benefit Plans
    Sheet Metal Workers Local 36
  • Missouri
    IUOE Local 513 Wage Contribution Payment Bond
    IUOE Local 513
  • Missouri
    Wage and Welfare Funds Bond (Labors Local #110)
    Labors Local #110
  • Missouri
    Operating Engineers Local 101 Employer Benefits Bo
    Operating Engineers Local 101
  • Missouri
    Employer Contributions To Employee Benefit Plans
    Sheet Metal Workers' Local 36
  • New Jersey
    Wage & Fringe Benefit
    International Brotherhood Of Electrical Workers
  • New Jersey
    Wages & Fringe Benefits
    International Brotherhood of Electrical Workers
  • New Jersey
    Wages & Fringe Benefits
    International Brotherhood Of Electrical Workers Lo
  • New Jersey
    Wage and Welfare Local Union #164
    IBEW LOCAL 164
  • New Jersey
    Pipefitters Lcoal 274 Wages & Fringe Benefits Bond
    Pipefitters Local Union 274
  • New Jersey
    (U.A. - N.J.) Employee Benefit Funds Wage and Bene
    Refrigeration & Air Conditioning Service Division
  • New Jersey
    OPERATING ENGINEERS LOCAL 825 FRINGE BENEFIT FUNDS
    Operating Engineers Local 825
  • New Jersey
    Refrigeration & Air Conditioning Service Employee
    Refrigeration and Air Conditioning Service Divisio
  • New York
    Steamfitters' Industry Funds Construction Trades
    Steamfitters Local 638
  • New York
    Welfare, Pension, Annuity Payment Bond
    IBEW Local Union 363
  • New York
    IUEC Wage and Fringe Benefit Payment Bond
    NY LOCAL 1 IUEC
  • New York
    Local Union #9 Wage & Welfare Bond
    TRUSTEE OF THE DISTRICT COUNCIL NO. 9 OF NEW YORK
  • New York
    International Union of Painters
    Trustess of the District Council No. 9 of New York
  • New York
    Fringe Benefits Only Bond
    Sheet Metal Intl #28
  • New York
    Sheet Metal Workers International/Local Union #28
    Sheet Metal Workers International/Local Union #28
  • New York
    Steamfitters' Industry Funds Construction Trades B
    The Steamfitters' Industry Fund
  • New York
    Fringe Benefits Bond (Local #200)
    Plumbers Local No. 200
  • Ohio
    Wages & Fringe Benefits
    Local Union #32 IBEW Lima OH
  • Ohio
    Fringe Bond
    International Union of Operating Engineers, Local
  • Ohio
    Secure Payment of Wages and Fringe Benefits Bond
    Local Union No. 24 Sheet Metal
  • Ohio
    Contractor Wage and Fringe Benefit Bond
    Northern Ohio PMC, INC.
  • Ohio
    Wage & Fringe Benefit Bond (Plumbers & Steamfitter
    Plumbers & Steamfitters Local 42
  • Oregon
    Statutory Public Works
    Construction Contractors Board
  • Other
    Painters District Council #14
    Painter's District Council #14
  • Other
    Bricklayers Employers Bond
    United Order of American Brick Layers and Allied C
  • Other
    Ohio Vicinity Regional Council of Carpenters
    Ohio Vicinity Regional Council of Carpenters
  • Other
    Plumbers Local 27
    Plumbers Local 27
  • Other
    Northern California Drywall Finishers
    Dist 16 Northern CA Health & Welfare Trust Fund
  • Other
    Steamfitters Local 449
    Steamfitters Local 449
  • Other
    Mid-Central IL Regional Council of Carpenters
    Mid-Central IL Regional Council of Carpenters
  • Other
    Plumbers & Steamfitters Local 47
    Plumbers & Steamfitters Local 47
  • Other
    Contractor To Secure Payment of Wages
    Painters Local Union No. 555
  • Other
    NYC District Council of Carpenters Wage & Welfare
    The New York District Council of Carpenters
  • Other
    Sheet Metal Workers International Assoc. Local Uni
    Sheet Metal Workers Int'l Assoc. Local 28
  • Other
    Operating Engineers Joint Trust Funds, Local 77
    Associated Administrators
  • Other
    Wage, Fringe Benefit and Payroll Deduction Bond
    IBEW Local Union 34
  • Other
    Benefit Contribution & Wage Payment
    Electrical Industry Board
  • Other
    Steamfitters' Industry Funds Construction Trades
    Local 638 Steamfitters Union
  • Other
    Wages & Fringe Benefits Bond
    Steamfitters Local Union 420
  • Other
    International Union of Painters
    District Council 9 Local 1281
  • Other
    Contractors' Wage, Welfare and Pension Funds Bond
    Glaziers Union Local No. 27
  • Other
    Contractor's Wage, Fringe Benefit and Deductions
    Teamsters Local Union 142
  • Other
    Laborers District Council of Chicago and Vicinity:
    Laborers District Council of Chicago and Vicinity
  • Other
    Fringe Benefit Contribution Security Fund
    United Association Local Union No. 725
  • Other
    Construction Laborers' Benefit Office of St. Louis
    Construction Laborers' Benefit Office
  • Other
    Insulators Local 80- Employers Wage, Expense, Welf
    Insulators Local 80
  • Other
    Secure Payment of Wages and Fringe Benefits Bond
    Local Union No. 24 Sheet Metal Workers Int'l Assoc
  • Other
    Wages & Fringe Benefits
    IBEW Local Union 317
  • Other
    International Union of Operating Engineers Local 1
    The International Union of Operating Engineers
  • Other
    Wages & Fringe Benefits
    IBEW Local #305
  • Other
    Wages & Fringe Benefit Bond
    IBEW Local No. 380
  • Other
    Wage and Welfare
    Carpenters' District Council of St. Louis
  • Other
    Sheet Metal Trades Contractor's Benefit Funds
    Local Union No. 33, Parkersburg District
  • Other
    Wages & Fringe Benefits Bond
    Intl Assoc of Bridge, Structural, Ornamental & Rei
  • Other
    Payment of Fringe Benefits Bond
    Plumbers & Pipefitters Local 562
  • Other
    S.W. Washington Trust Funds Bond
    oregon- S.W. Washington Electrical Trust Funds
  • Other
    Bridge Structural and Reinforcing Iron Workers Bon
    Local 1 Structural Workers Union
  • Other
    IBEW-NECA Local 26 Guaranteed Payment Bond
    Local 26 IBEW-NECA, Joint Trust
  • Other
    Wage and Industry & Fringe Benefit Funds Payment G
    IBEW Local #38
  • Other
    Contractors' Wage, Welfare and Pension Fund Bond
    Glaziers Local 513
  • Other
    Local #520 Wage & Welfare Bond
    Employers and Operating Engineers Local 520
  • Other
    Contractor's Wage and Fringe Benefit (Local 172) B
    Local 172
  • Other
    Employer's Wage Bond
    IBEW Local 134
  • Other
    Wage and Welfare Bond (Local Union #68)
    U.A. Plumbers Local Union No. 68
  • Other
    Roofers Health and Welfare Trust
    Roofers Health and Welfare Trust Fund of Californi
  • Other
    IBEW Local Union #98
    IBEW Local #98
  • Other
    IBEW Local #124
    IBEW Local #124
  • Other
    IBEW Local No. 58
    IBEW Local #58
  • Other
    Wage & Welfare
    Sprinkler Fitters UA Local #709
  • Other
    Steamfitter's Industry Funds
    Steamfitters Local 638
  • Other
    Wage & Welfare Union #440
    Plumbers and Steamfitters Local Union No. 440
  • Other
    Welfare, Pension, Annuity, Job Training & Vacation
    Local 282 Welfare Trust Fund
  • Other
    Employer's
    Laborer's International Union of North America
  • Other
    Wage & Welfare Fringe Only (NYC Council of Carpent
    The New York District Council of Carpenters
  • Other
    Carpenter's District Council $25K
    CARPENTER'S DISTRICT COUNCIL OF ST LOUIS
  • Other
    Carpenters' District Council Wage and Welfare Bond
    Carpenters' District Council of St. Louis
  • Other
    UA Local No. 22 Employee Benefit Funds
    UA Local No 22 Employee Benefits Funds
  • Other
    Wages, Welfare and Fringes
    IBEW Local 400
  • Other
    IBEW Local 26 Wage Payment Bond
    IBEW Local 26
  • Other
    Roofers Local #195 Bond
    Roofers Local #195
  • Other
    Health and Welfare Bond
    Sheet Metal Workers' Local No. 49 JATC
  • Other
    Health and Welfare Bond
    Sheet Metal Workers' Local No. 49
  • Other
    Health & Welfare, Vacation, Pension Funds & JATC F
    Puget Sound Electrical Workers
  • Other
    SMWIA Performance Bond
    SMWIA, Local 104
  • Other
    Employer's Fringe Benefit Communication Agreement
    IBEW Local 134
  • Other
    United Plant and Production Workers Bond (Local 17
    Local 175 United Plant and Production Workers
  • Pennsylvania
    Local 420 Steamfitters Bond
    Local 420 Steamfitters
  • Pennsylvania
    Wages & Fringe Benefits Bond
    IBEW Local 98
  • Pennsylvania
    Wage & Fringe Benefit Bond (IBEW Local 380)
    Local No.380 I.B.E.W.
  • Pennsylvania
    Local Union 27 Plumbers Benefit Funds Bond
    Local 27 Plumbers Union
  • Virginia
    International Brotherhood of Electrical Workers an
    IBEW Local 666
  • Washington
    Local Union 191 Welfare Traning Fund
    Board of Trustees of the Fringe Benefit Board
  • West Virginia
    Wage Payment Bond
    WV Division of Labor
  • West Virginia
    (WVCJAT)Wages & Fringe Benefits Bond
    West Virginia Carpenters Joint Admin. Trust
  • West Virginia
    Wage Payment Collection Surety Bond
    Division of Labor
  • Wisconsin
    Wages & Fringe Benefit Bond (North Central States
    North Central States Regional Council of Carpenter
  • Wyoming
    Non-Resident Employers' Bond
    Dept of Workforce Services, Worker's Comp Div

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What Our Clients Have To Say?

Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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