CMRCC wage & welfare bonds, sole prop or partnership.
From $100.
The Central Midwest Regional Council of Carpenters (CMRCC) requires signatory sole proprietor and partnership contractors to post a wage and welfare bond guaranteeing union-scale wages and fringe benefit fund contributions. Your signatory agreement sets the amount. Premiums cost 4% of the bond amount, $100 minimum.
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How much does a CMRCC wage & welfare 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 wage and welfare bond — enter your amount, consent to a soft pull, and file with the council. Here is the whole thing:
Apply online
Your business details as a sole proprietor or partnership, the bond amount your CMRCC agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and welfare bonds clear quickly. The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. Larger amounts may get a brief review.
File with the council
Your executed bond and power of attorney arrive by email, ready to file with CMRCC so your signatory status stays current. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage & welfare bond actually guarantees
The Central Midwest Regional Council of Carpenters is the Indiana-headquartered affiliate of the United Brotherhood of Carpenters and Joiners of America, representing more than 35,000 tradespeople across dozens of locals in Indiana, Ohio, and Kentucky. Contractors who sign the council's collective bargaining agreement — including sole proprietors and partnerships that have not incorporated — agree to pay union-scale wages and remit contributions to CMRCC's fringe benefit funds: health & welfare, pension, and apprenticeship training.
The wage and welfare bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and CMRCC and its benefit funds (the obligee / protected parties). If a signatory contractor fails to pay covered wages or remit fund contributions, the council and its funds can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private contractual requirement of the collective bargaining agreement, not an Indiana statute, so the amount is set per contractor by the council rather than a fixed public figure. Enter the amount your signatory agreement calls for; premiums price at 4% of that amount, $100 minimum, and the application includes a credit consent that authorizes a soft pull only.
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 council. Your executed bond and power of attorney arrive by email, ready to file with CMRCC so your signatory status stays current. 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, then a quick review.
Submit the application with the bond amount your CMRCC agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
CMRCC signatory status waiting on one bond.
Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with the council the same day.