Ohio Laborers' District Council of Ohio Local 500 Wage & Welfare Bond
Overview
Workers in Ohio's Laborers' Local 500 are protected by this bond when a contractor fails to pay required wages and fringe benefit contributions. Employers who hire laborers covered under the Local 500 collective bargaining agreement must post this bond as a condition of doing that union work. It guarantees that hourly wages, health and welfare fund contributions, pension payments, and other negotiated benefits actually reach the workers and funds they're owed. If a contractor defaults, the bond gives the union a financial backstop to recover those losses.
Who Needs This Bond?
If you are a contractor or subcontractor employing workers represented by the Ohio Laborers' District Council Local 500, you need this bond before you can perform covered work. It applies to employers who have signed or are bound by a collective bargaining agreement with Local 500 and must demonstrate financial assurance that they will honor wage and benefit obligations. General contractors who self-perform covered labor scope and specialty subcontractors in the trades represented by Local 500 are the most common applicants. This is a union-mandated requirement, not an optional safeguard.
What is this Bond For?
This bond secures your obligation to pay wages and fringe benefit contributions — including health, welfare, pension, and training fund payments — as required under the Local 500 collective bargaining agreement. If you fall behind or default on those payments, the bond gives the union or the applicable trust funds a mechanism to make a claim and recover what workers are owed. It functions as a financial guarantee that your obligations to covered employees will be honored. The bond does not replace those payments — it backs them up.
When is it Required?
Renewal and ongoing compliance are built into how this bond works — your obligation to maintain it continues for as long as you employ Local 500-represented workers under a covered agreement. The bond is typically required at the outset of performing work under the collective bargaining agreement and must remain in force throughout the duration of that work. A lapse in bond coverage can interrupt your ability to use Local 500 labor on a jobsite. Check with the union's business office for the current required bond amount and any renewal deadlines tied to your agreement.
Where Does it Apply?
This bond applies statewide in Ohio wherever Local 500-represented laborers are employed under a collective bargaining agreement with the Ohio Laborers' District Council. It is not tied to a single city or county — it follows the union's jurisdiction, which spans Ohio job sites covered by Local 500. The bond is held or required by the union or its affiliated trust funds, not a state licensing agency.
How to Buy Online
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