Northern Ohio LMC wage & fringe bonds.
From $100.
Northern Ohio LMC, Inc. requires signatory contractors to post a wage and fringe benefits bond guaranteeing union-scale wages and fringe fund contributions. It is a private contractual requirement, not an Ohio statute, and your agreement sets the amount. Premiums cost 4% of the bond amount, $100 minimum.
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How much does a Northern Ohio LMC wage & fringe 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 fringe bond — enter your amount, consent to a soft pull, and file with Northern Ohio LMC. Here is the whole thing:
Apply online
Your company details, the bond amount your Northern Ohio LMC, Inc. agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and fringe 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 committee
Your executed bond and power of attorney arrive by email, ready to file with Northern Ohio LMC, Inc. so your signatory status stays current. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage & fringe bond actually guarantees
A labor-management cooperation committee (LMC) is a joint body of unions and signatory contractors, organized under federal labor-management cooperation law, that promotes productivity, market recovery, and compliance in a given trade and region. Northern Ohio LMC, Inc. operates in that role for unionized building-trades work across Northern Ohio, and requires signatory contractors to demonstrate they can meet their wage and fringe obligations.
The wage and fringe benefits bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and Northern Ohio LMC, Inc. and the benefit funds it protects (the obligee / protected parties). If a signatory contractor fails to pay covered wages or remit fringe fund contributions, a claim can be brought 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, not an Ohio statute, so the amount is set per contractor rather than by a fixed public figure. Enter the amount your 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.
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 committee. Your executed bond and power of attorney arrive by email, ready to file with Northern Ohio LMC, Inc. so your signatory status stays current. Wet-ink originals mailed on request.
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, then a quick review.
Submit the application with the bond amount your Northern Ohio LMC, Inc. agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Ohio bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status waiting on one bond.
Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with Northern Ohio LMC the same day.