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New Jersey bonds

New Jersey — Laborers Local Union No. 472 Wages And Fringe Benefits Bond

Prepare the Laborers Local 472 employer wage/fringe request with the New Jersey agreement and current fund demand. Purchase Now starts the application.

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

What this bond does

The required instrument defines employer wages and benefit remittances secured. Laborers in the union name does not make this a general labor-services licensing bond.

Who needs it
The employing business responsible for the payments in the actual Local 472 request.
Who it protects
Use the complete required wage, union, fund or trustee beneficiaries. Employer labor security differs from employee insurance and a state agency's separate licensing request.

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.

Bring the union agreement rather than a generic labor license record

Keep the employer agreement and payroll/fund reporting references with the demand. A general labor-services registration or an individual union membership record does not identify the complete Local 472 payment undertaking.

Use the work classifications and legal parties actually required. A construction project's payment bond is not automatically the union wage/fringe instrument.

Sources

Have these ready

  1. Legal employer and applicable Local 472 agreement.
  2. Current wage/fringe demand and required form.
  3. Payroll and employer contribution-reporting references.
  4. Complete legal beneficiaries, requested sum and period.
  5. Post-issuance execution and actual recipient delivery instructions.

Questions about this bond

Is this a general labor-services license bond?

The offering concerns the actual Local 472 employer labor demand. Do not substitute a separate state licensing instrument based on the word Laborers.

Does a membership record establish the employer obligation?

Use the employer agreement and full demand. Membership alone does not identify every secured payment, covered work category or legal beneficiary.

Does this replace ERISA fidelity protection?

Protection against dishonest handling of plan assets serves a different purpose from employer wage/fringe remittances. The request does not establish fidelity compliance.

How do I begin online?

Purchase Now opens Propeller in a new tab. Enter the employer and complete Local 472 request. Review any issued document and complete required execution and submission. Applying is not recipient acceptance.

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