Kansas Wage And Welfare | Wage And Welfare Surety Bond
Also known as: wage and welfare bond
Type of Bond
In Kansas, a wage and welfare bond refers to a type of surety bond that may be required for contractors or employers engaged in public works projects or government contracts. The wage and welfare bond serves as a financial guarantee that the bonded contractor or employer will fulfill their obligations to pay wages, benefits, and other compensation to their employees as required by applicable labor laws and regulations. It is typically required by the Kansas Department of Labor or a similar regulatory authority. By obtaining a wage and welfare bond, the bonded contractor or employer assures that they will adhere to prevailing wage rates, provide appropriate benefits, and comply with other labor standards specified for the particular project or contract. If the bonded contractor or employer fails to fulfill their wage and welfare obligations or violates any labor laws, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any resulting unpaid wages or benefits for the affected employees. The purpose of the wage and welfare bond is to protect the rights and interests of workers involved in public works projects or government contracts. It ensures that contractors or employers meet their obligations to provide fair compensation and benefits to their employees. The bond provides a form of recourse for employees to seek compensation in case of non-payment or labor law violations by the bonded contractor or employer. It promotes fairness and compliance with labor standards in Kansas.
Program
The price you'll pay for your Wage And Welfare Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Wage And Welfare Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Wage And Welfare Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Wage And Welfare Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Wage And Welfare bond.
For your convenience you can view a sample copy of the Kansas Wage And Welfare Bond Form.
Obligee: Kansas Chapter of National Electrical Contractors Association and Local Union 661
State: Kansas
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!