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Ohio — Laborers' District Council Of Ohio Local 500 Wage & Welfare Bond

Prepare the Ohio Laborers Local 500 employer wage/welfare request with the current council and fund instructions. Purchase Now begins the provider application.

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

What this bond does

The required Local 500 instrument defines the employer wages and welfare remittances being secured.

Who needs it
The business responsible for those payments under the applicable Local 500 demand.
Who it protects
Use the legal union, fund or trustee names required by the form. The district council name does not make another local's undertaking automatically suitable.

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.

Keep the current reporting instructions with the request

Bring the employer's Local 500 payroll and welfare remittance references with the agreement. Use the dates and payment instructions in the actual demand rather than assuming another council/local request has the same reporting period or deadline.

The employer must continue required remittances while arranging security. Employee insurance, ERISA fidelity protection for plan-asset dishonesty and construction project payment bonds serve different purposes.

Sources

Have these ready

  1. Employer legal name and Local 500 agreement.
  2. Current council/fund security demand.
  3. Relevant reporting period, payroll and welfare instructions.
  4. Full recipients, required instrument, sum and effective dates.
  5. Issued-document execution and delivery requirements.

Questions about this bond

Can another Ohio laborers local's bond be reused?

Compare the exact payments, beneficiaries and instrument required by Local 500. A shared council name does not establish form equivalence.

Is there a standard remittance deadline here?

No exact deadline is supplied. Keep the employer's current contribution and reporting instructions rather than assuming a universal calendar date.

Does the option supply the sum or term?

Neither is stated. Use the Local 500 security demand and distinguish contribution reporting dates from the required bond period.

How do I proceed online?

Select Purchase Now for Propeller in a new tab. Provide the employer and request details. After issuance, review the form and complete required execution and recipient submission. The application itself is not acceptance.

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