Ohio Laborers' Local 894 wage & welfare bonds.
From $100.
The Laborers’ Local No. 894 Building Agreement with the AGC Akron Division requires every signatory employer to post a surety bond securing wages and fund contributions. The amount is tiered by covered employees: $8,000 for 1–4, $16,000 for 5–9, and $25,000 for 10 or more. Premiums cost 4% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does an Ohio Laborers' Local 894 wage & welfare 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 wage-and-welfare bond — pick your tier, consent to a soft pull, and file with the Local 894 office. Here is the whole thing:
Apply online
Your company details, the covered-employee tier ($8,000 / $16,000 / $25,000), the effective date, and a one-time credit consent authorizing a soft pull only.
Approved
Most Local 894 wage-and-welfare bonds clear immediately — the soft pull informs approval and never affects your score. Pricing is 4% of the bond amount, $100 minimum.
File with Local 894
Your executed bond and power of attorney arrive by email in duplicate, ready to file with the Local Union No. 894 office — required before laborers will be dispatched.
What it is and who needs it.
What the Local 894 wage & welfare bond actually guarantees
The Laborers’ Local No. 894 Building Agreement with the AGC Akron Division requires every signatory employer to post a surety bond simultaneously with executing the agreement, to insure payment for all labor performed and for Health/Welfare, Pension, and AGC fund contributions — including the Training and Apprenticeship Fund and dues checkoff. The bond must be furnished in duplicate, with a copy forwarded to the AGC Akron Division office, and it must be on file with the Local 894 office before laborers will be dispatched.
The amount is tiered by covered employee count: $8,000 for 1–4 employees, $16,000 for 5–9, and $25,000 for 10 or more. Some long-standing signatory employers may qualify for an exemption from the bond requirement under the agreement’s terms — confirm your status with the Local 894 office or the AGC Akron Division before applying.
It is a three-party arrangement: the employer (principal), the surety, and Local 894 (obligee), securing laborers’ wages and fund contributions. Non-payment of the fringe benefits is itself a violation of the agreement, and the union may declare the agreement terminated on notice. Enter your covered-employee tier here; 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 Local 894. Your executed bond and power of attorney arrive by email in duplicate, ready to file with the Local Union No. 894 office — required before laborers will be dispatched.
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 Local 894 wage & welfare bond before dispatch.
4% of the bond amount, $100 minimum, soft pull only. Pick your covered-employee tier and file with Local 894 the same day.