What is a Wisconsin – Wage & Fringe Benefit Bond?
Wage and Fringe Benefits Bond guarantees that union members will be paid the wages they are owed as per their contract with the employer. This bond is often called a wage and welfare bond, or simply a wage and fund bond. Employers of union labor must provide this type of bonding to guarantee payment for all hourly wages, commissions, dues, and fringe benefits before hiring any new employees who happen to belong to unions. Contact us today if you need assistance securing your own Wage and Fund Bonds!
Do you need a Bond?
Swiftbonds provides a variety of bond types to meet the needs of our clients. Our bonds are affordable and easy to apply for. We offer a wide range of coverage options with flexible terms and conditions so you can get the right bond for your situation.
If you need help finding the right type of bond or have any questions about our products, please contact us at (913) 214-8344 or email [email protected]. We’re here to answer all your questions!
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Why is the Wisconsin – Wage & Fringe Benefit 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. See a Racine, WI – Electrical Contractor ($5,000) Bond.
How does a Wisconsin – Wage & Fringe Benefit Bond work?
Getting a Wisconsin – Wage & Fringe Benefit 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. Here's a Oshkosh, WI – Annual Street and Sidewalk Obstruction ($5,000) Bond.
How much does a Wisconsin – Wage & Fringe Benefit Bond cost?
Wisconsin – Wage & Fringe Benefit 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 Wisconsin – Wage & Fringe Benefit 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. Read a Oshkosh, WI – Annual Sidewalk Layers and Curb Cut Contractors ($5,000) Bond.
How to get your Wisconsin – Wage & Fringe Benefit Bond?
Would you like to know the first step in getting your Wisconsin – Wage & Fringe Benefit 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. Get a Onalaska, WI – Gas or Oil Burner Installer ($10,000) Bond.