Asbestos Workers Local 24 fringe benefit bonds.
From $125.
A contractor signatory to the Heat and Frost Insulators Local 24 agreement posts this bond so the fringe benefit contributions it reports actually reach the local’s trust funds. It is a collective bargaining obligation, not a Maryland licensing requirement. Premiums cost 4% of the bond amount plus a $25 fee, $125 minimum.
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How much does an Asbestos Workers Local 24 fringe benefit bond cost?
4% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
A letter of assent usually comes with a start date attached, and the benefits office wants the bond in hand before the first periodic report. This one is built to move:
Apply online
Your company details, the bond amount the benefits office named, an effective date, and the credit consent that authorizes a soft pull. That is the application.
Issued
Most applications approve instantly. The credit consent authorizes a soft inquiry that never affects your score, and no hard inquiry ever runs on this bond.
Send it to the benefits office
Your executed bond and power of attorney arrive by email, ready to send to Heat & Frost Insulators Local 24’s benefits office, which administers the plans and collects the periodic reports. Wet-ink original mailed on request.
What it is and who needs it.
What the Local 24 fringe benefit bond actually guarantees
When an insulation contractor signs a letter of assent to the Heat & Frost Insulators and Allied Workers Local 24 agreement, it takes on negotiated employer contributions on top of wages — typically covering health, pension, and apprenticeship/training funds tied to mechanical insulation, fire stopping, and asbestos or lead abatement work. This fringe benefit bond secures the contractor’s obligation to actually remit what it owes each reporting period.
Local 24 is headquartered in Laurel, Maryland, and its territorial jurisdiction reaches across Maryland, Virginia, Washington D.C., and West Virginia — which is why this filing sits in Maryland’s catalog even though covered work can occur throughout that broader area. The application asks you to name the jurisdiction where the covered work is performed.
This is a private, contractual bond, not a Maryland licensing requirement — no Maryland agency issues it or receives it. The bond amount is set by Local 24’s benefits office rather than by statute, so confirm the exact obligee wording and figure with that office before the bond is issued. We price it from a $125 minimum, and the application includes only a soft credit consent — never 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
Issued. Most applications approve instantly. The credit consent authorizes a soft inquiry that never affects your score, and no hard inquiry ever runs on this bond.
What sets the price
The premium is 4% of the bond amount plus a $25 fee, $125 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, priced on the spot.
These are the actual issuing fields, including the jurisdiction where the covered work is performed. The credit consent authorizes a soft pull only — a soft inquiry that never affects your score.
Start the application →Common questions.
Other Maryland bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status waiting on one bond.
4% of the bond amount plus a $25 fee, $125 minimum. Enter the sum the benefits office named and send it to Local 24 the same day. Free until issued.