MN Local 34 wage & welfare bonds.
$1,200 flat.
A contractor signatory to a collective bargaining agreement with the International Association of Heat and Frost Insulators and Allied Workers Local No. 34, covering Minnesota, western Wisconsin, and South Dakota, can be required by the union's wage and welfare trust fund trustees to post a $30,000 bond securing timely wage and fringe-benefit contributions. Ours is $1,200 flat — the price you see is the checkout price. The application includes a credit consent, but it authorizes a soft pull only.
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Three steps. One sitting.
Fringe-benefit bonds like this one are about the simplest thing in surety. Here's the entire process:
Apply online
Company details, the collective bargaining agreement you're signatory to, and an effective date. A one-time soft-pull consent that never affects your score.
Pay & e-sign
Wage and welfare bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with the fund office
Your executed bond and power of attorney arrive by email, ready to deliver to the Local 34 wage and welfare fund office. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A wage and welfare bond is fringe-benefit security, not a government-mandated license bond. When an insulation contractor signs a collective bargaining agreement with IAHFI Local No. 34, based in the Twin Cities and covering members across Minnesota, western Wisconsin, and South Dakota, it commits to make regular contributions — health and welfare, pension, and related fringe benefits — to the union's trust funds on behalf of every covered employee's hours worked.
To protect the fund and its members if a signatory contractor falls behind or defaults on those contributions, the trustees of the wage and welfare trust fund can require the contractor to post a bond. This is a private contractual requirement arising from the trust agreement and the collective bargaining agreement — not a Minnesota statute — so the amount, and whether a bond is required at all, follows the fund's own rules rather than a fixed public code section.
It's a three-party arrangement: you (the principal, the signatory contractor), the surety, and the trust fund trustees as obligee. If contributions go unpaid and the fund is harmed, the trustees can claim against the $30,000 bond, and if the surety pays, the contractor repays the surety.
You need this bond if you are
One application, then a quick check.
Submit the application with your company and collective bargaining agreement details. Approval typically follows a quick soft credit check that never affects your score.
Start the application →Common questions.
Other Minnesota bonds.
Satisfy Local 34's bonding requirement.
$1,200 flat, soft pull only, bond often issued in the same sitting. Free until issued.