IUOE Local 181 wage & welfare bonds.
From $100. Enter your amount.
A contractor that signs a collective bargaining agreement with IUOE Local 181 (International Union of Operating Engineers) in Henderson can be asked to post a wage and welfare bond naming the Local and its Health & Welfare Fund as obligee — security that fringe-benefit contributions (health, pension, training, and related funds) actually reach the fund. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score. Enter the amount your agreement or the fund trustees set and your exact price appears at the application.
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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 company details, the bond amount your agreement or the fund trustees required, and the effective date — plus a one-time consent to a soft credit pull.
Issued
Pricing is 4% of the bond amount, $100 minimum. Most applications approve instantly; larger amounts may get a brief underwriter review, and any check that runs is a soft pull that will not touch your score.
File with IUOE Local 181
Submit the executed bond to the Local or its Health & Welfare Fund office to satisfy your signatory obligation. Wet-ink originals mailed whenever the fund insists.
What it is and who needs it.
What the wage and welfare bond actually does
A union wage and welfare bond (also called a wage and fringe bond or collective bargaining bond) is security a union local requires of a signatory employer — one that has agreed by collective bargaining agreement to pay specified wages and to make contributions to the union's benefit fund. IUOE Local 181, the Operating Engineers local headquartered in Henderson, uses a bond in this named form to protect its members' pay and benefits when an employer falls short.
The obligee is the Local and its associated Health & Welfare Fund, which administers members' medical, pension, training, and related benefits. The principal is the signatory employer. If the employer fails to remit agreed wages or fund contributions and the fund or a member is harmed, a claim can be made against the bond up to its face amount — and if the surety pays, the employer repays the surety. It is a fringe-benefit backstop, not insurance for the employer.
There is no single statewide statutory amount for this bond — Local 181 and its fund trustees set the figure that fits the agreement, generally scaled to the employer's expected payroll and contribution volume. This is a private contractual requirement arising from the CBA, not a Kentucky statute — enter the amount your agreement or the trustees required, and we price it from a $100 minimum after a quick soft credit check that never affects your score.
You need this bond if you are
One application, then a quick review.
These are the actual underwriting fields, including your bond amount and a one-time consent to a soft credit pull that never affects your score. Pricing is 4% of the bond amount, $100 minimum.
Start the application →Common questions.
Other Kentucky bonds.
Signatory agreement, one filing away.
Premiums from $100, priced at 4% of the bond amount. Enter the figure your agreement set and file with Local 181 the same day.