Colorado carpenters & millwrights fringe benefit bonds.
From $100.
An employer that signs the union’s collective bargaining agreement owes fringe benefit contributions to the Colorado Carpenters & Millwrights Fringe Benefit Funds on every hour worked. When the trustees require security, this bond guarantees those contributions. Premiums cost 4% of the bond amount, $100 minimum.
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How much does a Colorado carpenters & millwrights fringe benefit bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard fringe-benefit contribution bond — enter your amount, consent to a soft pull, and file with the trust funds' administration office. Here is the whole thing:
Apply online
Your company details, the bond amount the trustees or your CBA specify, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most fringe-benefit contribution bonds clear quickly; the soft credit pull informs approval and never affects your score. Premium is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with the trust funds
Your executed bond and power of attorney arrive by email, ready to file with the Colorado Carpenters & Millwrights Fringe Benefit Funds administration office. Wet-ink originals mailed on request.
What it is and who needs it.
What the fringe benefit trust bond actually guarantees
The Colorado Carpenters & Millwrights Fringe Benefit Funds are the jointly administered, multi-employer trust funds — health & welfare, pension, vacation, and training — that cover carpenters and millwrights working under a signatory collective bargaining agreement in Colorado. A signatory employer owes contributions to those funds on every hour a covered employee works, at the rates the CBA sets.
This bond is a contribution-guarantee bond: a three-party arrangement between the employer (the principal), a surety, and the trust funds (the obligee). If a bonded employer falls behind on required fringe-benefit contributions, the trustees can make a claim against the bond to recover what is owed, up to the bond's penal sum — and the employer then owes the surety for any amount paid out. It protects the workers' benefit accounts, not the employer.
This is a private, contractual requirement set by the trust agreement and the applicable CBA between signatory employers and the union — not a Colorado statute. The trustees (or your CBA) fix the amount, generally sized to a period of expected contributions; confirm your required figure with the trust funds' administration office before applying. Premiums are priced at 4% of the bond amount, $100 minimum, after a soft credit consent that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the trust funds. Your executed bond and power of attorney arrive by email, ready to file with the Colorado Carpenters & Millwrights Fringe Benefit Funds administration office. Wet-ink originals mailed on request.
What sets the price
The premium is 4% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — 4% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other Colorado bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Trust fund filing without the holdup.
Premiums from $100, soft pull only. Enter the amount the trustees or your CBA set and file the same day.