District Council of Iron Workers - Wage and Welfare bond
Wage and Welfare Bond
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $1,000 |
Employers performing work covered by the applicable District Council of Iron Workers collective bargaining agreement must post the required bond before beginning covered work. Required by the District Council of Iron Workers of the State of California and Vicinity and associated trust funds, the wage and welfare bond guarantees payment of covered wages and required trust fund contributions.
Cost of the District Council of Iron Workers Wage and Welfare Bond
The cost of the $25,000 District Council of Iron Workers wage and welfare bond is $1,000 per bond term with NNA Surety. Apply online for your bond today.
How the District Council of Iron Workers Wage and Welfare Bond Works
The District Council of Iron Workers wage and welfare bond helps protect covered employees and trust funds by guaranteeing an employer’s required wage and fringe benefit contributions under the applicable collective bargaining agreement.
The bond involves three parties:
Principal: Employer performing covered work
Obligee: District Council of Iron Workers of the State of California and Vicinity and associated trust funds
Surety: Bonding company
A claim against the bond may be filed when the principal fails to pay covered wages or required trust fund contributions. The principal is responsible for reimbursing the surety for valid covered claims paid under the bond.
How to Get the District Council of Iron Workers Wage and Welfare Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $1,000 bond premium.
- Receive the bond form via email.
- Download and file the bond as required under your District Council of Iron Workers agreement.
Learn more about your California surety bond options across the state.
Get Your District Council of Iron Workers Wage and Welfare Bond
Meet your bonding obligation and help keep covered wage and trust fund payments protected. Complete this form or call 855-457-2196 to get bonded.