IKORCC wage, welfare & fringe bonds.
4% of the bond amount.

The Indiana Kentucky Ohio Regional Council of Carpenters (IKORCC) — the union now branded the Central Midwest Regional Council of Carpenters, headquartered in Greenwood, Indiana — requires signatory LLC and corporate contractors to post a wage, welfare & fringe bond guaranteeing union-scale wages and contributions to the council's benefit funds. This is a private requirement of the collective bargaining agreement, not an Indiana statute. Premiums cost 4% of the bond amount, $100 minimum. Enter the amount your signatory agreement requires and your exact price appears at the application.

✓

Required under the IKORCC / Central Midwest Regional Council of Carpenters collective bargaining agreement, as a condition of signatory status

✓

Guarantees union-scale wages, welfare fund, and pension fund contributions specified in the agreement

✓

From $100, priced at 4% of the bond amount — enter your required figure and see your price at application

From $1004% of the bond amount, $100 minimumSoft pullnever affects your scoreFastinstant underwriting for most

Trusted by industry leaders

How it works

Apply to filed in one sitting.

No long underwriting queue for the standard wage, welfare & fringe bond — enter your amount, consent to a soft pull, and file with the council. Here is the whole thing:

TODAY · ONLINE

Apply online

Your LLC or corporation's details, the bond amount your agreement requires, and the effective date — plus a one-time consent to a soft credit pull.

FAST REVIEW

Approved

Most wage, welfare & fringe 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.

SAME DAY

File with the council

Your executed bond and power of attorney arrive by email, ready to file so your signatory status stays current. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the wage, welfare & fringe bond actually guarantees

The Indiana Kentucky Ohio Regional Council of Carpenters (IKORCC) is the same union that now operates as the Central Midwest Regional Council of Carpenters (CMRCC) — an affiliate of the United Brotherhood of Carpenters and Joiners of America, headquartered in Greenwood, Indiana, representing more than 35,000 tradespeople across dozens of locals in Indiana, Ohio, and Kentucky. This bond form still carries the council's prior name because many signatory contractors' existing paperwork references it that way.

The wage, welfare & fringe bond conditions itself on the principal paying wages, welfare fund contributions, pension fund contributions, and any other contributions or deductions the collective bargaining agreement specifies for covered union members — failing which the obligation stays in force and the council or its funds can claim against the bond. It is a three-party arrangement: you (the principal), the surety carrier, and the council and its funds (the obligee / protected parties).

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 bond limit is set by the council per contractor to cover the wages and contributions your crew generates. 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.

IKORCC / Central Midwest Regional Council of Carpenters — collective bargaining agreementThis bond is required by the Indiana Kentucky Ohio Regional Council of Carpenters — now operating as the Central Midwest Regional Council of Carpenters — as a condition of an LLC or corporate contractor's signatory status under its collective bargaining agreement, guaranteeing payment of union wages and fringe benefit fund contributions. It is a private union requirement, not an Indiana statute. Confirm the required bond amount and filing form directly with the council or its benefit funds administrator.

You need this bond if you are

✓

An LLC or corporation signing the CBA with the IKORCC / Central Midwest Regional Council of Carpenters

✓

Employing council carpenters and required to bond your wage, welfare, and fringe obligations

✓

Renewing signatory status whose bond paperwork still uses the IKORCC name

✓

Bidding union carpentry work that conditions the job on this bond

One application, then a quick review.

Submit the application with the bond amount your council agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.

Start the application →

FAQ

Common questions.

How much is the IKORCC wage, welfare & fringe bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by the council per contractor under its collective bargaining agreement — there is no single fixed figure. Enter the amount your signatory agreement requires and your exact price appears at the application.

Is IKORCC the same as the Central Midwest Regional Council of Carpenters?Yes. The Indiana Kentucky Ohio Regional Council of Carpenters rebranded as the Central Midwest Regional Council of Carpenters. This bond form keeps the older IKORCC name because it matches paperwork many signatory contractors already have on file; the underlying council, benefit funds, and obligation are the same.

What does the bond guarantee?That your LLC or corporation pays wages, welfare fund contributions, pension fund contributions, and any other contributions the collective bargaining agreement specifies. If you fall short, the council and its funds can claim against the bond, and if the surety pays, you repay the surety.

Is there a credit check?The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond. Larger bond amounts may get a brief underwriter review.

Where do I file it?With the council directly, or its benefit funds administrator, as part of your signatory contractor paperwork. Your executed bond and power of attorney arrive by email, ready to file — wet-ink originals mailed on request.

Related bonds

Other Indiana bonds.

Council 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.

Start application

Your premiumfrom $100

Apply now →