A contractor signing UA Local 562's Collective Bargaining Agreement — the St. Louis-area plumbers and pipefitters union — posts this bond to guarantee payment of the wages and fringe-benefit contributions the agreement requires, payable to the Local 562 Welfare Educational Fund, Supplemental Pension Fund, and Pension Fund. Premiums cost 2% of the bond amount plus a $25 fee, with a $125 minimum. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. Enter the amount your agreement calls for and your exact price appears at the application.
















No long underwriting queue for the standard Local 562 fringe-benefits filing — enter your amount, pay, and hand the executed bond to the Local. Here is the whole thing:
Your company details, the bond amount your Local 562 agreement calls for, and the effective date — that is the entire application.
The application includes a soft credit consent, and most applications approve instantly at this range. If a check runs, it never touches your score.
Submit the executed bond to Local 562 and its trust funds to satisfy your signatory agreement. We track the term and notify you ahead of renewal.
A union wage-and-welfare bond — here, a fringe-benefits bond — is a condition of the Collective Bargaining Agreement a contractor signs with UA Local 562, the plumbers and pipefitters local serving the St. Louis metro and eastern Missouri. It is a private contractual requirement between the employer and the union, not a state-law filing, so no Missouri statute governs it.
The bond names the Local's Welfare Educational Fund, Supplemental Pension Fund, and Pension Fund as obligee. If a signatory contractor fails to pay the wages, health-and-welfare contributions, pension contributions, or other fringe benefits its agreement obligates it to remit for covered members' hours worked, the trust funds can make a claim against the bond, up to the bond amount.
It is not insurance for the contractor — if the surety pays a claim, the contractor repays the surety. The amount is set by the terms of your signatory agreement with Local 562, generally sized to the fringe-benefit obligations your workforce and contract volume will generate over the bond term; enter the figure the union's agreement specifies and we price it from there.
Submit the application with the bond amount your Local 562 agreement calls for. The credit consent authorizes a soft pull only, and most applicants clear instantly.
Start the application →Enter your bond amount and see your exact price. Free until issued.