Ohio Sheet Metal Local 24 bonds.
$800 flat.
Sheet Metal Workers' International Association Local No. 24, headquartered in Columbus, requires a signatory contractor to post a wage and fringe benefits bond securing wages and the contributions owed to Local 24's building fund and related benefit plans. This is the $20,000 tier; ours is $800 flat.
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How much does an Ohio Sheet Metal Local 24 bond cost?
$800 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
A wage and fringe benefits filing is about the simplest thing in surety. Here's the entire process:
Apply online
Business details, an effective date, and a soft credit consent. That's the application — no financial statements.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with Local 24
Your executed bond and power of attorney arrive by email, ready to send to Local Union No. 24 at its Columbus office. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Sheet Metal Workers' International Association Local Union No. 24, based at 3035 Lamb Road in Columbus, represents sheet metal workers across central Ohio. A contractor who signs its collective bargaining agreement agrees to pay a negotiated wage scale and to remit dues checkoff and contributions to Local 24's Vacation Plan, Building Fund, and related pension, welfare, and apprenticeship/journeymen training funds. A wage and fringe benefits bond is the security a contractor posts to back that promise.
It's a three-party arrangement: you (the principal), the surety carrier, and Local Union No. 24 as obligee, for the use and benefit of the covered employees and funds as claimants. If a signatory contractor fails to pay wages or the required deductions and contributions, a claimant can sue on the bond, after giving the notice its terms require, to recover what is owed. This is the $20,000 classification tier; the bond is continuous and can be cancelled with 60 days' written notice.
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. Local 24 sets the bond amount per contractor classification, so confirm which tier your signatory agreement calls for before filing.
You need this bond if you're
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 $20,000 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; a longer term is the same price per year, chosen at checkout.
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 24. Your executed bond and power of attorney arrive by email, ready to send to Local Union No. 24 at its Columbus office. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $800 at the $20,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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 issuing fields — the application includes a credit consent, but it authorizes a soft pull only, never a hard inquiry.
Start the application →Common questions.
Other Ohio bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
File your Local 24 wage & fringe benefits bond today.
$800 flat, soft pull only, bond often issued in the same sitting. Free until issued.