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Illinois bonds

Illinois — Journeymen Plasterers Cement Masons Local No. 362 Wage And Welfare Bond

Prepare the Journeymen Plasterers/Cement Masons Local 362 employer wage/welfare request. Bring the Illinois agreement and applicable payroll instructions to the provider application.

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

What this bond does

The required Local 362 instrument sets out the employer wages and welfare remittances being secured.

Who needs it
The employing business asked to furnish the undertaking, rather than a worker seeking a journeyman credential.
Who it protects
Use the required union, fund or trustee names. Journeymen is part of the recorded local description, not a complete rule about which classifications or beneficiaries are included.

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 agreement for workforce classification details

Keep the wage and welfare reporting instructions with the employer demand. Do not derive apprentice exclusions, classification rates or fund beneficiaries solely from Journeymen in the title; compare the actual agreement and instrument.

This labor-payment security is different from a plaster/concrete workmanship undertaking. Employee insurance, ERISA fidelity protection for plan assets and construction project payment bonds also address separate obligations.

Sources

Have these ready

  1. Employer legal identity and Local 362 agreement.
  2. Current wage/welfare security demand.
  3. Relevant classifications, payroll and fund reporting references.
  4. Complete recipients, required form, requested sum and period.
  5. Issued-bond execution and recipient submission directions.

Questions about this bond

Is this an individual journeyman qualification bond?

The offering concerns the employer's wage and welfare undertaking. A worker's credential and the employing entity's payment obligations are separate matters.

Does Journeymen establish an apprentice exclusion?

The title does not establish that rule. Use the required instrument and agreement to identify the payments and workforce classifications involved.

Is a fixed amount or term provided?

Neither is stated. Use the current Local 362 employer request rather than another plasterers/cement-masons local's security schedule.

Where do I start?

Select Purchase Now to open Propeller in a new tab. Supply the employer and agreement-request details. After issuance, review the document, complete required execution and arrange delivery. Applying does not establish fund acceptance.

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