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  1. Join Date
    Oct 2007
    Posts
    401

    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?

  2. Join Date
    Oct 2007
    Posts
    558

    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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