Indiana Teamsters Local Union No. 142 Wage and Welfare Bond
Overview
Union members of Indiana Teamsters Local No. 142 are protected by this Wage and Welfare Bond, which guarantees that employers bound by the Local's collective bargaining agreement will fulfill their wage and fringe benefit obligations. If an employer fails to make required contributions — wages, health benefits, pension payments — the bond stands behind those commitments. It is a financial safety net written specifically for the obligations negotiated under Local 142's agreement. Employers who sign on with Local 142 need this bond before they can operate under that union contract.
Who Needs This Bond?
Employers who have signed or are entering into a collective bargaining agreement with Indiana Teamsters Local Union No. 142 are the principals on this bond. This typically means trucking companies, freight carriers, warehouse operators, or other employers in Indiana whose workforce is represented by Local 142. If your company employs Teamsters covered under Local 142's CBA, you are the party responsible for obtaining and maintaining this bond. The union — not a state agency — drives this requirement.
What is this Bond For?
This bond exists to guarantee that employers honor their wage and fringe benefit commitments under the Local 142 collective bargaining agreement. Covered obligations typically include timely payment of wages, health and welfare fund contributions, and pension fund contributions as negotiated by the union. If an employer defaults or becomes delinquent on those payments, the bond provides a claims mechanism for the union or its funds to recover what is owed. It protects workers from losing benefits they have already earned.
When is it Required?
Signing a collective bargaining agreement with Indiana Teamsters Local Union No. 142 is the moment this bond becomes mandatory. The union requires the bond as a condition of operating under the CBA — you cannot begin covered work or employ Local 142 members without it in place. Renewal or changes to your CBA may also trigger a review of your bond's adequacy. This is a union-driven requirement tied directly to your contractual relationship with Local 142, not a state licensing mandate.
Where Does it Apply?
This bond applies statewide in Indiana and is specific to employers operating under the jurisdiction of Teamsters Local Union No. 142. Local 142 is headquartered in Gary, Indiana, and represents workers across the northwest Indiana region and beyond within the state. Any employer with covered employees under Local 142's agreement — regardless of where in Indiana the work takes place — is subject to this bonding requirement.
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 submit — the process is fast and fully online. Once approved, your bond documents are issued and ready for delivery to Local 142.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, giving you access to a nationwide surety bond catalog without waiting on an agent callback. You can purchase this Indiana Teamsters Local 142 Wage and Welfare Bond entirely online, on your schedule. We specialize in getting bond documents into your hands quickly so you can meet your union's requirements and get to work.