Wage and Welfare Bonds

What is a Wage and Welfare Bond?

Wage and welfare bonds, also referred to as union wage bonds, are a type of surety or financial guarantee bond that a union takes out to ensure that union dues get paid in the event that a member does not pay dues. Typically, wage and welfare bonds do not have a deductible, meaning that unions are completely covered by insurance companies for all applicable losses. Labor unions take out wage and welfare bonds at the local level, guaranteeing that the local union, not the national organization, receives dues.

To fill out an application for the bond, just click on the link below to get started:

License/Permit/Misc Bond Application