Wage & Welfare Bonds
What is a Wage & Welfare Bond?
Wage & Welfare bonds, also known as union bonds, are required by local unions to guarantee union dues from union members. It is considered a financial guarantee commercial surety bond.
Current Market: Wage & Welfare Union Bonds have become very difficult for most agencies to place. The nature of the risk is a financial guarantee, a class of business the industry has fled from in recent years. Fortunately, JW Bond Consultants has power of attorney with many carriers still willing to write Wage & Welfare Bonds at very competitive rates.
Special Programs: Special programs are available for applicants with bad credit. However, the programs are used only as a last resort, as the rates are higher than the typical wage and welfare bond markets.
Get a FREE quote on your Wage & Welfare Bond online now!
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