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Ohio Union Wage and Welfare Bond Guide

In Ohio, you may need to file a surety bond if you employ unionized workers. This creates a financial guarantee that you will pay owed wages and benefits, contribute to welfare funds, and more. 

Quick Bond Facts

  • Purpose: To protect union-member interests in collective bargaining agreements between unions and employers
  • Who Needs It: Employers of union members in various industries, especially construction and specialized trades such as plumbers, iron workers and electricians
  • Premium Rates: Vary based on financial risk, typically 1–10% of the coverage amount

Use this guide to learn all about how wage and welfare bonds work in Ohio then apply for your free quote. 

What Are Ohio Union Wage and Welfare Bonds? 

Ohio wage and welfare bonds, also known as wage bonds and fringe benefit bonds, are required for employers when negotiating collective bargaining agreements (CBAs) with certain unions. 

This type of surety bond guarantees a union-member employer will honor financial obligations and union contracts, including: 

  • Payment of union dues
  • Contributions to funds
  • Delivery of benefits packages 

Each particular bond form has unique terms for the union requiring it.

How Much Do Union Wage Bonds Cost in Ohio?

Employers with a strong financial standing often pay a premium price of 1-5% of the total Ohio wage and welfare bond amount. However, these bonds require underwriting review and may cost anywhere from 0.5% to 10% depending on various risk factors.  

Request a free quote today to get your exact rate.

Bond Type
$1,000-$100,000IBEW Local 575 Wage and Welfare Bond
$1,000-$100,000IBEW Local 648 Wage & Welfare Bond
$20,000IBEW Local No. 38 Wage and Fringe Benefit Bond1 to 5 employees
$40,000IBEW Local No. 38 Wage and Fringe Benefit Bond6 to 10 employees
$80,000IBEW Local No. 38 Wage and Fringe Benefit Bond11 to 20 employees
$120,000IBEW Local No. 38 Wage and Fringe Benefit Bond21 to 40 employees
$160,000IBEW Local No. 38 Wage and Fringe Benefit Bond41 to 60 employees
$160,001-$200,000IBEW Local No. 38 Wage and Fringe Benefit BondEvery additional employee over 60, the bond increases by $2,000 per employee
$1,000-$100,000IBEW Local No. 540 Wage and Welfare Bond
$1,000-$100,000IBEW Local Union No. 246 Wages, Dues, and Fringe Benefits Bond
$1,000-$100,000IBEW Local Union No. 82 Wage and Fringe Benefit Bond
$10,000International Union of Bricklayers and Allied Craftworkers - 36 Ohio Bac Local Wage and Benefits Bond1-4 employees
$20,000International Union of Bricklayers and Allied Craftworkers - 36 Ohio Bac Local Wage and Benefits Bond5-8 employees
$50,000International Union of Bricklayers and Allied Craftworkers - 36 Ohio Bac Local Wage and Benefits Bond9-15 employees
$1,000-$100,000International Union of Operating Engineers Local 18 Fringe Bond
$1-$100,000International Union of Painters and Allied Trades, District Council #6, Local Union #1275 Wage and Welfare Bond
$1,000-$100,000Laborers' District Council of Ohio Local 265 Wage and Benefit Bond
$10,000Local 310 Wage and Welfare Bond1-3 Employees
$20,000Local 310 Wage and Welfare Bond4-10 Employees
$40,000Local 310 Wage and Welfare Bond11-20 Employees
$65,000Local 310 Wage and Welfare Bond21-50 Employees
$65,001-$200,000Local 310 Wage and Welfare Bond
$1,000-$100,000Local 683 Electrical Workers Wage and Welfare Bond
$1,000-$100,000Northern Ohio LMC Contractor Wage and Fringe Benefit Bond
$7,500Plumbers and Pipefitters Local #189 BondWages and Deductions
$15,000Plumbers and Pipefitters Local #189 BondFringe Benefit
$1,000-$100,000South West LMC, Inc. Wage and Welfare Bond
$1,000-$100,000Indiana Kentucky Ohio Regional Council of Carpenters Union Wage & Welfare Bond
$25,000Northwest Ohio Region Contractor Bond to Secure Payment of Wages and Welfare Benefits10 or fewer employees
$75,000Northwest Ohio Region Contractor Bond to Secure Payment of Wages and Welfare Benefits11-25 employees
$150,000Northwest Ohio Region Contractor Bond to Secure Payment of Wages and Welfare Benefits26+ employees

SuretyBonds.com offers the lowest rates available from our nationwide network of surety providers with no added fees. 

How Does an Ohio Union Wage and Welfare Bond Work? 

An Ohio wage and welfare bond binds three parties in a legal contract: 

  1. Principal: The company employing union members
  2. Obligee: The union requiring the bond to protect employee interests 
  3. Surety: The provider issuing the bond and backing the principal’s obligation

If a principal fails to uphold its obligations, the bond can be used to pay claims for owed dues, wages, and fringe benefits up to the full coverage amount. 

How Do I Get a Wage Bond in Ohio? 

You may need a surety bond before you can hire employees who are members of certain unions. If that’s the case for you, SuretyBonds.com provides the fastest and easiest way to get a wage and welfare bond:

  1. Application: Submit an online quote request.
  2. Quote: Receive your free quote within one business day.
  3. Signatures: Sign your indemnity agreement and bond form.
  4. Delivery: Receive your official bond form via email or FedEx.

File the bond documentation with the obligee as instructed. If the union requires the original bond form with wet signatures, we offer an overnight shipping option. Otherwise, we’ll email your official bond as soon as it’s processed.

Can I Get Bonded With Bad Credit? 

Yes, you can often still get a wage bond even with low credit. We’ll work with our network of surety markets across the nation to match you with a surety provider at the lowest available rate. Learn more about how credit score impacts bond premium rates here. 

How to Renew Your Union Wage and Welfare Bond

Union wage and welfare bonds in Ohio typically last for a one-year term. Each bond has unique terms, but most can be renewed without the need to issue a new bond form. 

When you choose SuretyBonds.com, we’ll contact you during the renewal period with an invoice and instructions on how to keep your bond policy active for another term. 

More Resources

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