New York carpenters wage & fringe bonds.
From $125.
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 benefit fund contributions. You bond the amount your signatory agreement requires. Premiums cost 4% of the bond amount plus a $25 fee, $125 minimum.
Trusted by industry leaders
How much does a New York carpenters wage & fringe bond cost?
4% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. 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, $125 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 bond runs to June 30 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, June 30, in the year your term ends.
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 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 sets the price
The premium is 4% of the bond amount plus a $25 fee, $125 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 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.
Price and requirements checked on the carrier’s application, . Page updated .
UBC signatory status waiting on one bond.
Premiums from $125, priced at 4% of the bond amount. Enter your required figure and file with the fund the same day.