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Old 01-17-2008, 11:09 AM
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Join Date: Oct 2007
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Default Fringe Benefits/Benefits & Wages

I need to obtain a Wage & Welfare bond. What is the difference between Fringe Benefit and Benefit and Wages? Is one more expensive than the other?
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Old 01-18-2008, 10:39 AM
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Join Date: Oct 2007
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Default Wage & Welfare Bonds

Quote:
Originally Posted by Bond Magician
I need to obtain a Wage & Welfare bond. What is the difference between Fringe Benefit and Benefit and Wages? Is one more expensive than the other?
There could be different pricing depending upon what your Wage & Welfare bond covers. Benefit and Wage coverage takes care of both the union benefits AND the wages - assuring that the Principal makes the required payments to the funds and pays the union members their wages. A benefit bond would only cover the pension plans and other benefits.
Hope that makes sense.
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