Wage & Welfare bonds are a financial guarantee product that guarantee payment of union dues and benefits for the specific local. Each union has their own specific bond form and a separate bond is required for each of them.
Financial guarantee bonds are not easily written with any of today's surety companies. But, wage and welfare bonds are one of the few financial guarantee bonds that some sureties will consider. South Coast Surety can place the bond regardless of your company credit or financial strength.
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Additional financial information may be required. |