This bond guarantees that wages and dues will be paid for hired union labor by the respective employers of union workers.
Bonds Express offers an Minnesota Union Wage And Welfare Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Union Wage And Welfare Bond holds you accountable for your business decisions.
By possessing an Minnesota Union Wage And Welfare Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.