Illinois Journeymen Plasterers Cement Masons Local No. 362 Wage and Welfare Bond
Overview
Plasterers and cement masons in Illinois depend on their employers to pay wages and make welfare contributions on time. This bond backs that promise — guaranteeing that contractors who employ members of Journeymen Plasterers Cement Masons Local No. 362 will meet their wage and fringe benefit obligations. When an employer fails to pay, the bond gives the union and its members a direct financial remedy. It is a labor-side protection built for the building trades.
Who Needs This Bond?
If you are a contractor in Illinois who employs journeymen plasterers or cement masons covered under a collective bargaining agreement with Local No. 362, you need this bond. It is required as a condition of working under the union agreement — not a state license, but a contractual obligation tied directly to your relationship with the local. Employers who bid on union jobs or sign a trade agreement with Local No. 362 are the ones who must obtain and maintain this coverage.
What is this Bond For?
Wage and welfare bonds protect workers by guaranteeing that their employer will pay earned wages and make required fringe benefit contributions — including health, pension, and other fund payments — as set out in the collective bargaining agreement. If a signatory contractor fails to meet those obligations, Local No. 362 or its benefit funds can file a claim against the bond. This bond exists so that plasterers and cement masons are not left chasing unpaid wages or missing fund contributions.
When is it Required?
Renewal and continued compliance go hand in hand with this bond — as long as you employ members of Local No. 362, the bond must remain active without a lapse. It is typically required at the point of signing or renewing your labor agreement with the local, and it must stay in force for the duration of your covered work. Any gap in coverage can put your ability to use union labor at risk and may constitute a breach of your collective bargaining agreement.
Where Does it Apply?
This bond applies statewide in Illinois but is specific to contractors employing members of Journeymen Plasterers Cement Masons Local No. 362. It is not a state-issued license bond — it is a union-imposed requirement tied to Local No. 362's jurisdiction and trade agreement. Wherever your covered work takes place in Illinois, this bond must be in place.
How to Buy Online
Click 'Buy This Bond Online' on this page to open the secure surety portal in a new tab. Enter your business information, complete the application, and get your bond issued quickly without waiting on an agent callback. Once issued, you will have the documentation you need to satisfy Local No. 362's bond requirement.
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