NY carpenters wage & fringe bonds.
4% of the bond amount.
The United Brotherhood of Carpenters and Joiners of America (UBC) requires signatory carpentry contractors in New York to post a wage and fringe benefit bond guaranteeing union-scale wages and contributions to the union's benefit funds. This is a private requirement of the UBC'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 benefit bond — enter your amount, consent to a soft pull, and file with the fund. Here is the whole thing:
Apply online
Your business details, the bond amount your UBC agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and fringe benefit 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 the fund
Your executed bond and power of attorney arrive by email, ready to file with the UBC's benefit funds office so your signatory status stays current. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage & fringe benefit bond actually guarantees
The United Brotherhood of Carpenters and Joiners of America (UBC) is the international union representing carpenters, and its New York affiliates negotiate collective bargaining agreements covering wages and fringe benefit contributions for their members. Contractors who sign a UBC-affiliated collective bargaining agreement agree to pay union-scale wages and to remit contributions to the union's fringe benefit funds — typically health & welfare, pension, and apprenticeship training.
The wage and fringe benefit bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and the UBC'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.
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 the amount is set per contractor by the fund's office rather than a fixed public figure. Enter the amount your signatory 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 UBC agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other New York bonds.
UBC signatory status waiting on one bond.
Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with the fund the same day.