Hawaii Painters Union Local 1791 Bond Guide
In Hawaii, you may need to file a surety bond if you employ Painters Union Local 1791 members. This creates a financial guarantee that you will pay owed wages and benefits, contribute to welfare funds, and more.
Quick Bond Facts
- Purpose: To protect union member interests in collective bargaining agreements with employers
- Who Needs It: Employers of Painters Union Local 1791 Union members
- Coverage Amount: $10,000–$60,000
- Premium Rate: Varies based on financial risk, typically 1–10%
Use this guide to learn all about the bonding process, then apply for your free quote.
What Are Hawaii Painters Union Local 1791 Wage and Welfare Bonds?
Hawaii Painters Union Local 1791 wage and welfare bonds are required for employers when negotiating collective bargaining agreements (CBAs) with the union.
This type of surety bond protects workers by guaranteeing a union-member employer will honor financial obligations and union contracts, such as:
- Payment of wages and pensions
- Contributions to funds
- Delivery of benefits packages
How Much Do Painters Union Wage Bonds Cost in Hawaii?
The mandatory $50,000 coverage typically costs $500–$5,000 for Painters Union Local 1791 member employers.
Exact pricing varies based on credit score and other financial risk factors. Apply for your free quote today.
SuretyBonds.com offers the lowest rates available from our nationwide network of surety providers with no added fees.
How Does a Hawaii Painters Union Local 1791 Bond Work?
An Hawaii wage and welfare bond binds three parties in a legal contract:
- Principal: The company employing Painters Union Local 1791 Union members
- Obligee: The Painters Union Local 1791 requiring the bond
- Surety: The provider issuing the bond and backing the principal’s obligation
If a principal fails to uphold its obligations, the bond can be used to pay claims for owed dues, wages, and fringe benefits up to the full coverage amount.
How Do I Get a Wage Bond in Hawaii?
SuretyBonds.com provides the fastest and easiest way to get a wage and welfare bond in Hawaii. Just follow these steps:
- Application: Submit an online quote request.
- Quote: Receive your free quote within one business day.
- Signatures: Sign your indemnity agreement and bond form.
- Delivery: Receive your official bond form via FedEx.
Upon receipt, file the bond documentation with the obligee as instructed.
Can I Get Bonded With Bad Credit?
Yes, you can often still get a wage bond even with low credit. We’ll work with our network of surety markets across the nation to match you with a surety provider at the lowest available rate.
Learn more about how credit score impacts bond premium rates here.
How to Renew Your Hawaii Electrical Wage and Welfare Bond
Painters Union Local 1791 wage and welfare bonds in Hawaii last for a one-year term. However, you are required to maintain a bond until officially released by the obligee.
We’ll contact you during the renewal period with an invoice and instructions on how to keep your bond policy active for another term.
