IN Teamsters Local 142 wage & welfare bonds.
4% of the bond amount.

Before a signatory employer can perform work under the collective bargaining agreement with Teamsters Local Union No. 142, 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.

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Required by Teamsters Local Union No. 142 under its collective bargaining agreement, not a state statute

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For a signatory employer with drivers or other Local 142 members covered under the agreement

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4% of the bond amount, $100 minimum — soft pull only, your exact price appears at the application

From $1004% of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

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:

TODAY · ONLINE

Apply online

Your business details, the bond amount Local 142 requires, the effective date, and a one-time consent to a soft credit pull — that is the entire application.

INSTANTLY

Approved

Most Local 142 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.

SAME DAY

File with Local 142

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.

About this bond

What it is and who needs it.

What the Local 142 wage & welfare bond actually guarantees

A wage and welfare bond is the security a Teamsters local requires from a signatory employer before it lets that employer operate under the union’s collective bargaining agreement. Under the agreement with Teamsters Local Union No. 142, the employer promises to pay the wages it owes its Local 142 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 employer as principal, the surety carrier, and Local 142’s trust funds as obligee — protecting the trust funds and, ultimately, the members who rely on them, if a signatory employer falls behind on payroll or fringe-benefit contributions. This is a private, contractual requirement under the CBA, not a state statute or municipal ordinance; Local 142 (through its wage and welfare office or trust fund administrator) sets the amount and decides when a bond is required.

There is no single fixed figure across every signatory employer — 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.

Teamsters Local Union No. 142 — collective bargaining agreementThis bond is required by Teamsters Local Union No. 142 under the wage and fringe-benefit provisions of its collective bargaining agreement with signatory employers, not by an Indiana statute or ordinance. The local’s wage and welfare office (or its trust fund administrator) sets the required amount and confirms whether a bond satisfies a given employer’s obligation. Confirm your exact required amount directly with Local 142 before applying.

You need this bond if you are

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An employer signatory to the Local 142 CBA with drivers or other covered employees in Indiana

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Renewing a wage and welfare bond the local already has on file for your business

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A new signatory employer posting the bond for the first time before starting covered operations

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A shipper or general contractor who needs proof of your Local 142 wage and welfare bond before dispatching loads or awarding work

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 →

FAQ

Common questions.

How much is the Indiana Teamsters Local 142 wage and welfare bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by Local 142 based on your payroll exposure under the collective bargaining agreement — there is no fixed statewide figure. Enter the amount stated on your CBA paperwork and your exact price appears at the application.

What amount should I enter?Use the bond amount Local 142’s wage and welfare office or trust fund administrator has told your business to post. If you are unsure, contact the local before applying — the figure is set per employer, not by statute.

What does the bond guarantee?It backs your obligation, as a signatory to the Local 142 CBA, to pay wages and remit health & welfare, pension, and other fringe-benefit contributions owed to the union’s trust funds. If you fall behind, the trust funds can claim against the bond, and you repay the surety.

Do I pay the full bond amount?No. You pay a premium — 4% of the bond amount, $100 minimum — not the bond amount itself. The full amount is only what the surety could be called on to pay if your business defaults on its wage or fringe-benefit obligations.

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

Related bonds

Other Indiana bonds.

Get bonded with Local 142, 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.

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Your premiumfrom $100

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IN Teamsters Local 142 wage & welfare bonds.4% of the bond amount.