Maryland Asbestos Workers Local No. 24 Fringe Benefits Bond
Overview
Get bonded and show Asbestos Workers Local No. 24 that your fringe benefit obligations are backed by a financial guarantee. This bond protects the union's benefit funds — covering contributions owed to health, pension, and other fringe benefit programs on behalf of your covered workers. Contractors working under a collective bargaining agreement with Local No. 24 in Maryland need this bond in place before they can operate within the union's jurisdiction. Bond Titan makes it fast to get covered and stay compliant.
Who Needs This Bond?
Asbestos abatement and insulation contractors signatory to the Asbestos Workers Local No. 24 collective bargaining agreement are the applicants for this bond. If your company employs journeymen or apprentices covered under Local No. 24's Maryland jurisdiction, the union requires you to post this bond as a condition of your agreement. It is not a state license bond — it is a labor-management obligation tied directly to your CBA with Local No. 24. Failure to maintain it can put your signatory status at risk.
What is this Bond For?
This bond guarantees that the contractor will make all required fringe benefit contributions to Asbestos Workers Local No. 24's benefit funds on time and in full. Covered contributions typically include health and welfare, pension, vacation, and any other funds spelled out in the collective bargaining agreement. If the contractor falls behind or defaults on those contributions, the union's benefit funds can file a claim against the bond to recover what is owed. It is a financial safety net that protects workers and their families from missed benefits.
When is it Required?
Signing or renewing a collective bargaining agreement with Asbestos Workers Local No. 24 is the moment this bond becomes mandatory. The union will not allow a contractor to put covered workers on a job site without proof that this bond is in place. If your existing bond lapses, expires, or is cancelled, your signatory standing is immediately at risk. The bond must remain continuously in force for as long as you employ workers under the Local No. 24 agreement.
Where Does it Apply?
This bond applies statewide across Maryland, wherever Asbestos Workers Local No. 24 has jurisdiction. It is a union-mandated requirement specific to contractors operating under Local No. 24's collective bargaining agreement — not a Maryland state agency license requirement. Any job site in Maryland where you assign Local No. 24 members falls within the scope of this bond.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab. Complete the short application with your contractor and business details, and your bond documents are processed quickly without waiting on an agent callback. Once issued, you'll have the bond in hand to deliver directly to Asbestos Workers Local No. 24.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for contractors who need to move fast — no phone tag, no waiting rooms, no agent callbacks required. Our nationwide catalog includes hard-to-find labor and fringe benefit bonds like this one, available for online purchase around the clock. Get the bond Local No. 24 requires without slowing down your work.