IBEW Local No. 146 - Wage & Fringe Benefit — required surety bond in Illinois. Apply online in minutes.
The IBEW Local No. 146 Wage and Fringe Benefit Bond is a financial guarantee required for signatory contractors in Illinois. It ensures that contractors pay all required union wages, dues, and fringe benefits on time and in full. If a contractor defaults on these financial obligations, the bond provides a mechanism for the union to recover the missing funds.
Electrical contractors operating in Illinois who employ union members of IBEW Local No. 146 typically need this bond. It is a standard requirement for businesses that have entered into a collective bargaining agreement with this specific union chapter.
The union requires this bond to protect its members and trust funds from financial loss due to employer non-payment. It serves as a strict guarantee that the contractor will honor the financial terms outlined in their collective bargaining agreement. This ensures workers receive their rightfully earned compensation and benefits regardless of the employer's financial situation.
Click the Apply Now button to complete our secure online application in about five minutes. Once your application is reviewed and approved, your bond will be delivered directly to you by email. If you have any questions, you can reach Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on the applicant's credit history, financial profile, and the total bond amount required. To get an exact price for your business, submit a quick application online with Noah Insurance Agency.
Required bond amounts vary depending on the number of union employees you hire and the specific terms of your contract. Always verify the exact bond amount required directly with IBEW Local No. 146 before applying.
Yes, it is often possible to secure a wage and welfare bond with less-than-perfect credit, though the premium rates will vary. Apply online to see what specific terms and rates you qualify for.
While exact approval times vary based on the application details, our secure online process is designed for speed. Once you are approved and your premium is paid, the bond is delivered directly via email.
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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