New York Local 7 & 62 tile bonds.
$1,000 flat.
Local Union 7 & 62 Tile Setters & Tile Finishers requires signatory tile-setting and tile-finishing contractors to post a $25,000 wage and fringe benefit bond guaranteeing union-scale wages and contributions to the local's benefit funds — ours is $1,000 flat, and the price you see is the checkout price.
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How much does a New York Local 7 & 62 tile bond cost?
$1,000 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
A wage and fringe benefit bond like this is one of the simpler filings in surety. Here's the entire process:
Apply online
Business details, a few commercial-history questions, and an effective date. That's the application.
Pay & e-sign
Wage and fringe benefit bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with the union
Your executed bond and power of attorney arrive by email, ready to send to Local 7 & 62's benefit funds office so your signatory status stays current. Wet-ink original mailed on request.
What it is and who needs it.
What the wage & fringe benefit bond actually guarantees
Local Union 7 & 62 Tile Setters & Tile Finishers negotiates the collective bargaining agreement covering wages and fringe benefit contributions for its members. Contractors who sign that agreement agree to pay union-scale wages and to remit contributions to the local's benefit funds, and the union backs that promise with a bond rather than taking the contractor's word for it.
It's a three-party arrangement: you (the principal), the surety carrier, and Local Union 7 & 62's benefit funds (the obligee / protected party). If a signatory contractor fails to pay covered wages or remit fund contributions, the fund can recover against the bond, up to $25,000.
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 no state code section governs it. Confirm the current bond form and filing details directly with the union's benefit funds office before you apply.
You need this bond if you're
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 $25,000 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; a longer term is the same price per year, chosen at checkout.
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 the union. Your executed bond and power of attorney arrive by email, ready to send to Local 7 & 62's benefit funds office so your signatory status stays current. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $1,000 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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, issued instantly.
These are the actual issuing fields, including a short set of commercial-history questions. The credit section authorizes a soft pull only.
Start the application →Common questions.
Other New York bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Local 7 & 62 signatory status waiting on one bond.
$1,000 flat, soft pull only, bond often issued in the same sitting. Free until issued.