Louisiana SRCC wage bonds.
From $100.
The Southern Regional Council of Carpenters (SRCC) and its trust administrators can require a carpentry, drywall, or millwork contractor signatory to its collective bargaining agreement to post a wage and welfare bond backing the wages and trust contributions it owes. Premiums run 2% of the bond amount, $100 minimum.
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How much does a Louisiana SRCC wage bond cost?
2% 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 company details, the bond amount the SRCC or its trust administrators set, the effective date, and a one-time soft-pull credit consent.
Approved
Most wage and welfare bonds at this size clear on the spot from the 2% rate, $100 minimum. A larger bond backing a bigger crew may get a brief underwriter look.
File with the SRCC
Your executed bond and power of attorney arrive by email, ready to hand to the council or its trust fund office to keep your signatory status current. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage and welfare bond actually backs
A wage and welfare bond is a private, contractual safeguard, not a state license bond. It runs behind the collective bargaining agreement a signatory contractor signs with the Southern Regional Council of Carpenters, a United Brotherhood of Carpenters and Joiners of America regional council representing union carpenters, millwrights, and related trades across Louisiana and neighboring states. Signing the CBA obligates the contractor to pay agreed wages and to remit fringe-benefit contributions — health & welfare, pension, and training/apprenticeship trust funds — for every hour a covered employee works.
The bond is a three-party guarantee: the contractor (principal), the surety, and the SRCC and its affiliated trust funds (obligee). If a signatory contractor falls behind on wages or trust contributions, the council or the trust administrators can make a claim against the bond, up to its penal sum, to cover the shortfall — and if the surety pays, the contractor repays the surety. It exists to protect union members' pay and benefits, not the contractor.
There is no statutory amount here — the bond is a term of the CBA and the trust participation agreement, and the SRCC or the trust administrators set the figure to your projected workforce and payroll. Enter the amount your agreement calls for; we price the bond at 2% of that amount, $100 minimum, after a soft-pull-only credit consent that never triggers a hard inquiry.
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 SRCC. Your executed bond and power of attorney arrive by email, ready to hand to the council or its trust fund office to keep your signatory status current. Wet-ink originals mailed on request.
What sets the price
The premium is 2% 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 fast underwriting.
Submit the application with the bond amount the SRCC or the trust administrators set. Most clear instantly at 2% of the bond amount, $100 minimum; a larger figure may get a brief underwriter look.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Stay signatory without the bond holdup.
Rate is 2% of the bond amount, $100 minimum. Enter the figure the SRCC set and file with the council the same day.