IN Local 440 wage & welfare bonds.
4% of the bond amount.
Before a partnership or sole proprietorship can perform work under the collective bargaining agreement with Plumbers and Steamfitters Local Union No. 440, the local requires a wage and welfare bond guaranteeing that wages, health and welfare contributions, pension contributions, and other fringe-benefit payments owed to the union’s trust funds actually get paid. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
Trusted by industry leaders
Apply to filed in 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 local. Here is the whole thing:
Apply online
Your business details, the owner or partners’ names, the bond amount Local 440 requires, the effective date, and a one-time consent to a soft credit pull — that is the entire application.
Approved
Most Local 440 wage and welfare bonds clear instantly on the soft pull, which never affects your score. Premium is priced at 4% of the bond amount, $100 minimum.
File with Local 440
Your executed bond and power of attorney arrive by email, ready to submit to the local’s wage and welfare office so you can start or continue signatory work. Wet-ink originals mailed on request.
What it is and who needs it.
What the Local 440 wage & welfare bond actually guarantees
A wage and welfare bond is the security a building-trades union requires from a signatory contractor before it lets that contractor perform covered work. Under the collective bargaining agreement between the employer and Plumbers and Steamfitters Local Union No. 440, the contractor promises to pay the wages it owes its Local 440 employees and to remit the health & welfare, pension, and other fringe-benefit contributions those employees have earned into the union’s trust funds.
The bond backs that promise. It is a three-party arrangement — the partnership or sole proprietor as principal, the surety carrier, and Local 440’s trust funds as obligee — protecting the trust funds and, ultimately, the members who rely on them, if a signatory contractor falls behind on payroll or fringe-benefit contributions. Because a partnership or sole proprietorship is not a separate legal shield the way a corporation is, the owner’s personal standing is part of what the surety looks at. This is a private, contractual requirement under the CBA, not a state statute or municipal ordinance; Local 440 (through its wage and welfare office or trust fund administrator) sets the amount.
There is no single fixed figure across every signatory contractor — the local sizes the bond to payroll exposure under the agreement. Enter the amount stated on your CBA paperwork or requested by the local; your premium is priced at 4% of that amount, $100 minimum, after a quick soft credit check that never affects your score.
You need this bond if you are
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 Indiana bonds.
Get bonded with Local 440, without the wait.
4% of the bond amount, $100 minimum, soft pull only. Enter your required amount and file with the local the same day.