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Pennsylvania bonds

Pennsylvania — Iron Workers Local Union No. 3 Wage & Fringe Benefits Bond

Prepare the Iron Workers Local 3 employer wage/fringe request with the Pennsylvania agreement and complete fund demand. Purchase Now opens the provider application.

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Recorded state
Pennsylvania
Category
Employment, wages & benefits

What this bond does

The instrument required for this Local 3 request defines the employer wage and fringe payments secured, not the project's ironwork completion.

Who needs it
The employing business owing those labor payments under its agreement or security demand.
Who it protects
Use the full required union, fund or trustee legal names. Iron Workers is essential to identifying the request; the local number alone does not establish the parties.

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.

Retain Iron Workers with the Local 3 request

Keep the complete union agreement and contribution instructions with the demand. Do not match a form by Local 3 alone or substitute a different trade union's undertaking because its number is the same.

Employer contribution security differs from an employee insurance policy. Project construction payment protection also needs comparison with the actual wage/fringe obligation rather than a numeric local match.

Sources

Have these ready

  1. Employer legal identity and Iron Workers Local 3 agreement.
  2. Current wage/fringe security demand.
  3. Payroll and fund remittance/reporting references.
  4. Complete beneficiaries, required form, requested sum and dates.
  5. Execution and delivery requirements after issuance.

Questions about this bond

Can a form labeled only Local 3 be selected?

Use the complete Iron Workers request and required instrument. A shared number is not evidence of the same union, funds or payments.

Does this assure ironwork quality or completion?

The offering concerns employer wage and fringe security. Work quality, completion and project payment undertakings are separate matters.

Does this cover dishonest handling of plan assets?

That is the distinct purpose of ERISA fidelity protection. Do not treat the employer wage/fringe request as an automatic replacement for plan-asset security.

Where do I begin?

Purchase Now takes you to Propeller in a new tab. Enter the employer and complete request. Check any issued bond and arrange required execution and recipient submission. Applying does not establish acceptance.

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