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Massachusetts bonds

Massachusetts — Plumbers Union Local No. 12 Trust Funds Bond

Have an employer contribution-security request naming Plumbers Union Local 12 Trust Funds? Keep the Massachusetts agreement and complete fund demand ready for Purchase Now.

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Recorded state
Massachusetts
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

For that employer request, the required instrument identifies the remittances secured. Trust Funds alone does not define every included payment or beneficiary.

Who needs it
The employing business owing the contributions named in the actual demand, rather than a plumber applying for an individual credential.
Who it protects
Use the full required fund or trustee designations. A trust-fund name does not make this an employee insurance enrollment.

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.

Identify whether the request secures employer remittances

Bring the agreement, contribution instructions and bond demand together. Employer payments into funds are different from the handling of assets already held by a plan.

ERISA fidelity protection addresses dishonest handling of plan assets. Do not choose an instrument solely because both requests mention a trust, or substitute project construction payment security for the particular Local 12 undertaking.

Sources

Have these ready

  1. Employer legal identity and Local 12 agreement.
  2. Complete Trust Funds contribution-security request.
  3. Employer account and remittance/reporting details.
  4. Required legal recipients, instrument, sum and period.
  5. Any execution and recipient delivery required after issuance.

Questions about this bond

Does Trust Funds mean a trustee's fidelity application?

Identify the requested obligation first. This guidance concerns employer contribution security; a plan-asset fidelity request serves a different purpose.

Does the title identify every fund or direct wage payment?

Use the complete instrument and beneficiary wording. The broad Trust Funds label does not enumerate every secured remittance or add direct wages automatically.

Can a plumbing project bond satisfy the request?

Compare the specific employer payment undertaking and required recipients. A project payment bond does not automatically meet the fund demand.

Where do I begin online?

Purchase Now takes you to Propeller in a new tab. Provide the employer and full fund request. After issuance, review the instrument and complete required execution and submission. Applying is not fund acceptance.

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