New York Teamsters Local 282 wage & fringe bonds.
From $100.
Teamsters Local 282 requires signatory employers to post a wage and fringe benefits bond guaranteeing negotiated wages and benefit fund contributions under its collective bargaining agreement, not a New York statute. You bond the amount your signatory agreement requires. Premiums cost 4% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a New York Teamsters Local 282 wage & fringe bond cost?
4% 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 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
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 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 sets the price
The premium is 4% 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 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.
Price and requirements checked on the carrier’s application, . Page updated .
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.