An Ohio Wage and Welfare Bond is required for all employers of union members of the Sheet Metal Workers Local Union 24 or the Sheet Metal Workers Local Union 33. This surety bond is a form of financial protection for unions and their members when they have not been paid dues owed to them by the employer.
Jet Insurance Company simplifies the bonding process with our quick online application and affordable rates. Click the button above to apply!
The Bond by Contractors to Secure Payment of Wages and Fringe Benefits required by Local Union 24 has a bond limit of $10,000. The Sheet Metal Trades Contractor's Wage and Benefit Funds Bond required by Local Union 33 has a bond amount of $7,000. The starting price of either bond is $250, based on a soft credit check.
Unlike brokers and agents, Jet doesn’t add on commissions or fees to raise your costs. The price you pay is solely the cost of the bond. We will even take care of filing the bond for you, free of charge!
Jet’s application only asks for the information necessary to provide you a quote, including your social security number for the soft credit check (it won’t affect your credit score). Once the application is submitted, Jet completes a quick review of the information and provides you with a quote shortly after.
You will be able to purchase the bond online and receive an emailed copy of the bond and your receipt immediately after. Jet will gladly file the bond for you, but should you choose to file the bond yourself, it should be sent to the union you hire members from. Find addresses for Local Union 24 and Local Union 33 below:
Local Union No. 24 Sheet Metal Workers’ International Association
3035 Lamb Ave
Columbus, OH 43219
SMW Local 33 – Cleveland District
12515 Corporate Dr.
Parma, OH 44130
Jet will send you a mailed and emailed invoice when the bond’s renewal date is approaching. As long as you remit payment, your bond will stay active. You are required to hold a bond for the duration you hire members from either union.
Jet allows you to cancel at any time by sending a request to [email protected]. Jet will immediately notify the appropriate union. The Sheet Metal Workers Local Union 24 requires the bond to be active for 60 days upon receipt of cancellation notice, and the Sheet Metal Workers Local Union 33 keeps the bond active for 30 days upon notice. If the bond is cancelled early, the cancellation period must be taken into account for any potential refunds.
Local unions 33 and 24 have the best interest of their members in mind, which is why the bond is required for anyone hiring a member. Employers must pay fringe benefits, wages, salaries, funds, or any other method of compensation required by the union. Ensuring you pay owed dues to the union member you hired is the best way to avoid a bond claim.
If you do have a claim filed on your Wage and Welfare Bond, Jet will ask you to provide all documentation possible and start a thorough review of the details. Jet must pay out any valid claims in the full claim amount, not to exceed the bond limit. The bond pays out for one reason only: failure or refusal to pay wages and/or benefits to the union member, resulting in their financial loss. Because it is your sole responsibility to pay the union members you hire, failure to do so makes you liable to reimburse Jet for any paid out claims.