IBEW Local No. 1249 Insurance Fund Bond ($100,000) — required surety bond in New York. Apply online in minutes.
The IBEW Local No. 1249 Insurance Fund Bond is a type of union surety bond. It guarantees that employers will make all required contributions to the union's insurance, health, and welfare funds on behalf of their employees.
Contractors and businesses that employ members of the International Brotherhood of Electrical Workers (IBEW) Local No. 1249 in New York typically need this bond. It is generally necessary for employers who have entered into a collective bargaining agreement with the local union.
The union requires this bond to protect its members and ensure their fringe benefits are properly funded. If an employer defaults on making the agreed-upon benefit contributions, the bond provides a mechanism for the union to recover those funds. Exact requirement details vary, so employers should always verify terms with the local union.
To get started, click Apply Now to complete our secure, approximately 5-minute online application. Once approved, your official surety bond will be delivered directly to you by email, or you can call Noah Insurance Agency at 814-718-0060 for assistance.
Premiums vary based on the applicant's credit history, financial strength, and the required bond amount. Please apply online with Noah Insurance Agency for an exact quote.
Required bond amounts vary depending on your specific union agreements and anticipated payroll volume. You must verify the exact figure needed directly with IBEW Local No. 1249.
Yes, many applicants can still secure a bond with less-than-perfect credit, though the premium rates will vary. Contact Noah Insurance Agency at 814-718-0060 to discuss your specific situation.
Approval times vary depending on the complexity of your application and underwriting requirements. Completing the online application is the best way to receive a prompt response.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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