Laborers Local 500 wage bonds.
4% of the bond amount.

A contractor signatory to the Laborers’ District Council of Ohio’s Local 500 collective bargaining agreement can be required to post a wage & welfare bond — security backing the covered wages and the welfare-fund contributions owed on every hour of laborer work billed. The application asks for your Local 500 employer account number so the bond ties to your existing fringe-fund file. Premiums cost 4% of the bond amount, $100 minimum, after a credit consent that authorizes a soft pull only.

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Required under the Laborers’ District Council of Ohio Local 500 CBA as a condition of staying a signatory contractor

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Ties to your Local 500 employer account number on file with the district council’s fringe funds

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4% of the bond amount, $100 minimum — soft credit consent only, your exact price appears at the application

From $1004% of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No long underwriting queue for the standard wage & welfare bond — enter your amount and employer account number, consent to a soft pull, and file with the district council. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, your Local 500 employer account number, the bond amount the welfare fund requires, the effective date, and a one-time credit consent that authorizes a soft pull only.

FAST REVIEW

Issued

Most wage & welfare bonds clear quickly at 4% of the bond amount, $100 minimum. If a check runs, it is a soft pull that will not touch your score; larger amounts may get a brief underwriter look.

SAME DAY

File with the district council

Your executed bond arrives by email, ready to submit to the Laborers’ District Council of Ohio so your Local 500 signatory status stays current. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the wage & welfare bond actually guarantees

A contractor that signs the Laborers’ District Council of Ohio’s Local 500 collective bargaining agreement agrees to pay covered laborers at the negotiated scale and remit welfare-fund contributions — health & welfare, pension, and related benefits — on every hour worked. The district council tracks each signatory by an employer account number, and this bond is filed against that account.

It is a three-party arrangement: the contractor (principal), the surety, and the Local 500 welfare fund (obligee), protecting the union laborers and their families who depend on wages and welfare contributions being paid in full and on time. If a shortfall harms the fund, it can claim against the bond — and the contractor repays the surety if it pays.

There is no single fixed penal sum — the amount is set by the welfare fund, generally scaled to the contractor’s estimated monthly wage and welfare-fund liability. Enter the figure required and your Local 500 employer account number; we price the bond from a $100 minimum after a credit consent that authorizes a soft pull only.

Laborers’ District Council of Ohio Local 500 CBA — private trust-fund requirement, not a state statuteThis bond is required under the collective bargaining agreement between the Laborers’ District Council of Ohio’s Local 500 and its signatory contractors, and the trust agreement governing the Local 500 welfare fund — not by any Ohio statute or state agency. Confirm your required bond amount and employer account number with the district council’s fringe-fund office.

You need this bond if you are

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A signatory contractor under a Laborers’ District Council of Ohio Local 500 collective bargaining agreement

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A contractor newly signing a Local 500 CBA and posting security for the first time

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An employer the welfare fund asked to post or increase a bond after a growth in covered payroll

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Renewing an existing wage & welfare bond to keep your Local 500 signatory status in good standing

One application, then a quick review.

Submit the application with your Local 500 employer account number and the bond amount the welfare fund requires. Most clear quickly at 4% of the bond amount, $100 minimum.

Start the application →

FAQ

Common questions.

How much is the Laborers Local 500 wage & welfare bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by the Local 500 welfare fund — there is no single fixed figure. Enter the amount required and your exact price appears at the application.

What is the employer account number the application asks for?It’s the account number the Laborers’ District Council of Ohio assigned your company when you became a signatory contractor to the Local 500 welfare fund. It’s on your fringe-fund statements; contact the district council’s fund office if you can’t locate it.

What does this bond actually guarantee?It backs both your covered wages and your welfare-fund contributions under the Local 500 CBA. If a shortfall harms the fund, it can claim against the bond — and you repay the surety if it pays.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Where do I file the bond once it’s issued?Submit your executed bond to the Laborers’ District Council of Ohio’s Local 500 fringe-fund office to keep your signatory status current. We email the executed bond same day; wet-ink originals are mailed on request.

Related bonds

Other Ohio bonds.

Stay signatory without the paperwork holdup.

Premiums from $100, soft pull only. Enter your employer account number and the amount the welfare fund requires.

Start application

Your premiumfrom $100

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