IBEW Local No. 126 - Wage and Fringe Benefits — required surety bond in Pennsylvania. Apply online in minutes.
The IBEW Local No. 126 Wage and Fringe Benefits bond is a financial guarantee ensuring contractors meet their financial obligations to union members. It guarantees the timely payment of wages, union dues, and required fringe benefit contributions like health and pension funds.
Electrical contractors and related businesses operating in Pennsylvania who employ members of the International Brotherhood of Electrical Workers (IBEW) Local 126 typically need this bond. It is required for signatory contractors operating under a collective bargaining agreement with this specific local union.
The union requires this bond to protect its electrical workers from financial harm if a contractor defaults on their payroll obligations. It serves as a safety net to ensure that member wages and vital benefits are funded even if the employer experiences financial difficulties.
To get your bond, simply click the Apply Now button to start our fast and secure process. You can complete the online application in approximately five minutes. Once approved and processed, your bond will be conveniently delivered directly to you by email.
Premiums vary based on your required bond amount and the financial credentials of the business and its owners. Please apply online with Noah Insurance Agency for an exact, personalized quote.
Bond amounts vary and are typically dictated by the union based on your estimated payroll, project size, or the number of union members you employ. You must verify your specific requirement directly with IBEW Local 126.
This type of bond generally guarantees both direct wages owed to the union workers and the associated fringe benefit contributions. However, exact coverage details can vary, so always check your collective bargaining agreement for specifics.
Yes, Noah Insurance Agency is licensed nationwide and can assist you with your bonding needs. You can call us at 814-718-0060 to verify coverage for specific union jurisdictions across state lines.
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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