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Union Bonds
Union Wage and Benefit bonds and Union Benefit bonds guarantee that contracting firms that employ union members will pay union scale wage and contribute the requisite amounts into the various union benefit plans. These bonds are considered somewhat hazardous to the surety industry. Careful attention is given to the bond form language.
Underwriting Requirements:
- Apply for bond HERE
- Business financial statement
- Personal financial statement of each owner
- Copy of union bond form
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