IBEW Local No. 20 - Welfare Funds Bond — required surety bond in Texas. Apply online in minutes.
The IBEW Local No. 20 Welfare Funds Bond is a financial guarantee required for certain employers working with this specific Texas union. It ensures that the employer makes all required contributions to the union's health, welfare, and pension funds. In plain English, it protects union workers from an employer defaulting on their negotiated benefit payments.
Contractors and businesses that hire members of the International Brotherhood of Electrical Workers (IBEW) Local No. 20 in Texas typically need this bond. It is primarily required for employers who enter into a collective bargaining agreement with this specific local union.
The union requires this bond to safeguard the financial well-being of its members and their families. It provides a reliable source of funds to cover unpaid fringe benefits if the employer fails to meet their contractual financial obligations. Because requirements vary, always verify the exact bond terms directly with the issuing agency.
Click Apply Now to start your request with Noah Insurance Agency. Our secure online application takes approximately five minutes to complete. Once processed, your bond will be conveniently delivered to you by email.
Premiums vary depending on the required bond amount and the applicant's credit and financial history. Please apply online with Noah Insurance Agency or call 814-718-0060 for an exact quote.
The bond amount is determined by the union and generally depends on the number of union employees or estimated contribution levels. Requirements vary, so you must verify the exact figure directly with IBEW Local No. 20.
Yes, bonds are often available for applicants across a variety of credit profiles, though the premium rates will vary. Submit our secure online application to review the options available to your business.
The bond must typically remain active for the duration of the collective bargaining agreement and is usually renewed annually. Renewal requirements vary, so check with the issuing agency to ensure continuous compliance.
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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