NY Teamsters Local 282 wage & fringe bonds.
4% of the bond amount.
Teamsters Local 282, headquartered in Lake Success and representing drivers who haul building materials — sand, gravel, cement, and concrete — to New York City-area construction sites, requires signatory employers to post a wage and fringe benefits bond guaranteeing negotiated wages and contributions to the Local's benefit trust funds. This is a private requirement of Local 282's collective bargaining agreement — not a New York statute. Premiums cost 4% of the bond amount, $100 minimum. Enter the amount your signatory agreement requires 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 fringe benefits bond — enter your amount, consent to a soft pull, and file with Local 282. Here is the whole thing:
Apply online
Your company details, the bond amount your signatory agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and fringe benefits bonds clear quickly. The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. Larger amounts may get a brief review.
File with Local 282
Your executed bond and power of attorney arrive by email, ready to file with Teamsters Local 282 or its benefit funds office. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage and fringe benefits bond actually guarantees
Teamsters Local 282, headquartered in Lake Success, represents drivers who deliver sand, gravel, cement, ready-mix concrete, and other building materials to construction sites throughout the New York City metropolitan area. An employer who signs Local 282's collective bargaining agreement agrees to pay negotiated wages and to remit contributions to the Local's benefit trust funds — typically health, welfare, and pension coverage.
The wage and fringe benefits bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and Local 282 and its trust funds (the obligee / protected parties). If a signatory employer fails to pay covered wages or remit fund contributions, Local 282 and its funds can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private contractual requirement of the collective bargaining agreement, not a New York statute, so there is no single published bond amount — Local 282 sets the figure per employer. Enter the amount your agreement calls for; premiums price at 4% of that amount, $100 minimum, and the application includes a credit consent that authorizes a soft pull only.
You need this bond if you are
One application, then a quick review.
Submit the application with the bond amount your signatory agreement requires. Most wage and fringe benefits bonds clear quickly; larger amounts may get a brief underwriter review.
Start the application →Common questions.
Other New York bonds.
Signatory status, without the bond holdup.
Premiums cost 4% of the bond amount, $100 minimum. Enter the amount your agreement requires and file with Local 282 the same day.