Ohio carpenters fringe benefit bonds.
From $100.
A contractor signatory to a carpenters’ collective bargaining agreement in Ohio can be required to post a wage-and-fringe-benefit bond running to the Ohio Carpenters’ Fringe Benefit Funds. The bond backs the wages and fund contributions your agreement obligates you to pay. Premiums cost 4% of the bond amount, $100 minimum.
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How much does an Ohio carpenters fringe benefit 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 fringe-benefit bond — enter your amount, consent to a soft pull, and file with the Funds office. Here is the whole thing:
Apply online
Your company details, the bond amount your agreement or the Funds office requires, the effective date, and a one-time credit consent authorizing a soft pull only.
Approved
Most fringe-benefit bonds clear immediately — the soft pull informs approval and never affects your score. Pricing is 4% of the bond amount, $100 minimum.
File with the Funds office
Your executed bond and power of attorney arrive by email, ready to file with the Ohio Carpenters’ Fringe Benefit Funds or forward to your local union as proof of security.
What it is and who needs it.
What the carpenters fringe benefit bond actually guarantees
A carpenters wage-and-fringe-benefit bond is a collective-bargaining security device, not a government license bond. When a contractor signs a labor agreement with a carpenters’ local or regional council, that agreement typically obligates the contractor to pay covered wages and to make timely contributions to jointly-trusteed benefit funds — health and welfare, pension, and training/apprenticeship among them.
The bond names the Ohio Carpenters’ Fringe Benefit Funds (the ERISA trust that receives and administers those contributions) as the party the surety pays if the contractor fails to remit. It is a three-party arrangement: the contractor (principal), the surety, and the Funds (obligee) — with covered union members as the people it ultimately protects.
There is no statewide statutory amount. The bond amount is set by the specific collective bargaining agreement you are signatory to, and by the Funds office administering your local’s contributions — similar agreements elsewhere in Ohio tier the requirement by covered employee count or payroll. Confirm the figure with your local union or the Funds office; enter it here and we price the bond from a $100 minimum.
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 the Funds office. Your executed bond and power of attorney arrive by email, ready to file with the Ohio Carpenters’ Fringe Benefit Funds or forward to your local union as proof of security.
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, issued instantly.
These are the actual underwriting fields, including a one-time credit consent authorizing a soft pull only. The pull never affects your score, and your price — 4% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other Ohio bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Post your fringe benefit bond without the dispatch delay.
4% of the bond amount, $100 minimum, soft pull only. Enter the amount your agreement requires and file with the Funds office the same day.