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Illinois bonds

Illinois — General Laborers District Council Of Chicago Wage And Welfare Bond

Use the General Laborers District Council of Chicago request to prepare your employer's wage and welfare bond. Have the Illinois agreement and fund instructions ready for Purchase Now.

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Recorded state
Illinois
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

The offering addresses employer wage and welfare payments under the undertaking specified in the required council form.

Who needs it
The employing business asked to furnish the Chicago laborers security, rather than an individual seeking union membership.
Who it protects
The bond protects the payment interests named in its beneficiary wording. Preserve council and fund or trustee names instead of using a general Chicago construction description.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Use the laborers agreement and beneficiary instructions

Keep the employer identity, council request and applicable remittance information together. A nearby carpenters, painters or other trade agreement does not establish the laborers security needed for this employer.

Council wage/welfare security is different from a construction payment bond. Employee policies and ERISA fidelity protection for dishonest handling of plan assets also address separate risks.

Sources

Have these ready

  1. Employer legal identity and laborers agreement.
  2. Council or fund written bond demand.
  3. Wage schedule and welfare remittance details.
  4. Required beneficiaries, form, sum and effective period.
  5. Instructions for execution and delivery after issuance.

Questions about this bond

Is the individual laborer the applicant?

The employer responsible for the secured payments applies. Worker membership and benefit enrollment are separate from furnishing employer security.

Is the council name a complete fund list?

Follow the required form and current demand. Include the precise fund or trustee designations rather than assuming the council alone is sufficient.

Does this option state the required sum?

No amount or term is stated. Use the employer request instead of another Chicago trade's security or the project value.

What happens when I select Purchase Now?

Propeller opens in a new tab for the application. After issuance, review the bond, arrange required execution and deliver it as directed. Applying does not establish council or fund acceptance.

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