Laborers Local 423 wage & welfare bonds.
4% of the bond amount.

Laborers' Local 423, a Columbus-based affiliate of the Laborers' International Union of North America (LIUNA), requires signatory contractors to post a wage and welfare bond guaranteeing union-scale wages and contributions to its welfare, pension, and training funds. This is a private requirement of the local's collective bargaining agreement, not an Ohio 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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Required by Laborers' Local 423 (LIUNA) as a condition of signing its collective bargaining agreement

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Guarantees union-scale wages and welfare, pension, and training fund contributions owed to Local 423 members you employ

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From $100, priced at 4% of the bond amount — enter your required figure and see your price at 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 and welfare bond — enter your amount, consent to a soft pull, and file with the local. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the bond amount your Laborers' Local 423 agreement requires, and the effective date — plus a one-time consent to a soft credit pull.

FAST REVIEW

Approved

Most wage and welfare 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.

SAME DAY

File with the union

Your executed bond and power of attorney arrive by email, ready to file with Laborers' Local 423 or its benefit funds office so your 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

Laborers' Local 423 is a Columbus-based affiliate of the Laborers' International Union of North America (LIUNA), representing construction laborers across central Ohio. Contractors who sign the local's collective bargaining agreement agree to pay union-scale wages and to remit contributions to its welfare, pension, and training funds, administered through the local's benefit funds office.

The wage and welfare bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and Local 423 and its benefit funds (the obligee / protected parties). If a signatory contractor fails to pay covered wages or remit fund contributions, the local and its funds 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 an Ohio statute, so the amount is set per contractor by the local rather than by 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.

Laborers' Local 423 — collective bargaining agreementThis bond is required by Laborers' Local 423 (LIUNA, Columbus, OH) as a condition of a contractor's signatory status under its collective bargaining agreement, guaranteeing payment of union wages and welfare, pension, and training fund contributions. It is a private union requirement, not an Ohio statute. Confirm the required bond amount and filing form directly with the local or its benefit funds office.

You need this bond if you are

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A construction contractor signing the CBA with Laborers' Local 423

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Employing Local 423 laborers and required to bond your wage and welfare obligations

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Renewing your signatory status with a wage and welfare bond that is expiring

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Bidding union laborer work that conditions the job on this bond

One application, then a quick review.

Submit the application with the bond amount your Laborers' Local 423 agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.

Start the application →

FAQ

Common questions.

How much is the Laborers' Local 423 wage and welfare bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by Laborers' Local 423 per contractor under its collective bargaining agreement — there is no single fixed figure. Enter the amount your signatory agreement requires and your exact price appears at the application.

What amount should I enter?The bond amount your Laborers' Local 423 signatory agreement or its benefit funds office told you to post. If you're unsure, ask your union business agent or the benefit funds administrator before applying — we price whatever figure you enter.

What does the bond guarantee?That you pay union-scale wages and remit contributions to Local 423's welfare, pension, and training funds. If you fall short, the local and its funds can claim against the bond, and if the surety pays, you repay the surety.

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

Where do I file it?With Laborers' Local 423 directly, or its benefit funds office, as part of your signatory contractor paperwork. Your executed bond and power of attorney arrive by email, ready to file — wet-ink originals mailed on request.

Related bonds

Other Ohio bonds.

Signatory status waiting on one bond.

Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with the local the same day.

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