This bond guarantees that wages and dues will be paid for hired union labor by the respective employers of union workers.
The bond is very difficult to obtain since in the past these bonds have suffered very high loss ratios and forced many surety companies out of business. At this time very few companies offer them, the ones that do have higher rates, even with good credit. . For many this bond will be unavailable due to personal credit history of the owner.
In addition to the online application we will need an e-mailed or faxed copy of the required bond. Each union has their own specifically worded surety bond.