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What is a Wage and Welfare Bond?
A wage and welfare bond is required by unions when negotiating collective agreements with other companies. The bond guarantees an employer will honor the payments of union dues, contributions to funds and promised benefit packages to employees of the union. Employers should be aware that they are legally obligated by law to fulfill these requirements if a wage and welfare bond has been signed before entering into negotiations with a unionized company or organization.
Swiftbonds is a company that provides bonds to people in need of them.
We provide bonds for many different purposes, including Local Union 393 – Health and Welfare/Benefits Bond and more. If you're interested in a bond, we can help!
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Why is the Local Union 393 – Health and Welfare/Benefits Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Get a City of Los Angeles, CA – Excavation Lateral Support Permit Bond.
How does the Local Union 393 – Health and Welfare/Benefits Bond work?
Getting a Local Union 393 – Health and Welfare/Benefits Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. See a City of El Centro, CA – Tower / Structural / Antenna / Equipment Removal Bond.
How much does a Local Union 393 – Health and Welfare/Benefits Bond cost?
Local Union 393 – Health and Welfare/Benefits Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Local Union 393 – Health and Welfare/Benefits Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Have a City of San Jose, CA – Encroachment Permit Bond.
How to get your Local Union 393 – Health and Welfare/Benefits Bond?
Would you like to know the first step in getting your Local Union 393 – Health and Welfare/Benefits Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Read a California – Distributor and Retailer Cannabis License Bond ($5,000) – Lex.