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Maryland bonds

Maryland — Asbestos Workers Local No. 24 Fringe Benefits Bond

Prepare the Local 24 employer fringe request with the Maryland agreement and fund instructions. Purchase Now is for the labor-payment security request, not approval of asbestos-removal work.

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

What this bond does

The actual instrument identifies employer contribution payments secured. Asbestos Workers is the recorded union reference, not a pollution-insurance or cleanup guarantee.

Who needs it
The business responsible for remittances under its actual Asbestos Workers Local 24 agreement.
Who it protects
Use the complete required fund/trustee and employer entries. This does not provide worker illness coverage or establish ERISA fidelity protection for plan assets.

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.

Separate employer fringe security from an abatement or cleanup request

Keep the actual Local 24 agreement and contribution demand with the employer reporting references. The trade label does not establish an asbestos-removal permit, environmental security or compensation for an exposure claim.

If a project has a separate cleanup or construction payment requirement, do not assume this union contribution instrument satisfies it. The actual wage/fund instrument must determine any secured payment scope; direct wages are not established by Fringe Benefits alone.

Sources

Have these ready

  1. Legal employer and applicable Maryland Local 24 agreement.
  2. Complete fringe-security demand with required payment wording.
  3. Actual employer contribution account/reporting references.
  4. Full legal funds, form, requested sum and dates.
  5. Signing and recipient delivery instructions after issuance.

Questions about this bond

Is this approval or security for asbestos-removal work?

That is not established by this union fringe offering. Use any separate actual project or regulatory requirement rather than the trade label.

Does it provide compensation for an asbestos illness?

The application concerns employer remittance security, not employee illness insurance or a determination of an exposure claim.

Is an ERISA fidelity bond the same protection?

Plan-asset protection against dishonest handling differs from the employer contribution obligation. The recorded worker/trade name does not establish equivalence.

How do I apply for the fringe request?

Purchase Now opens Propeller in a new tab. Supply the full Local 24 employer demand, review the issued form and complete required execution and delivery. Applying does not establish fund acceptance or approve asbestos work.

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